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Intel’s strong results bust industry myths

by on15 October 2014



Tablets did not replace PCs

Intel has had brilliant results this quarter and laid to rest an industry myth that mobile computer use killed off the PC.

Intel posted third-quarter net income of $3.32 billion compared with $2.95 billion in the year-ago quarter as demand. Third-quarter revenue was $14.6 billion, up eight percent from the year-ago quarter, and the company said it expects fourth-quarter revenue of $14.7 billion, plus or minus $500 million.

For years it has been peddled in the tame apple press and repeated by analysts who should have known better, that people stopped buying PCs because Steve Jobs invented the tablet. We have pointed out that this myth was wrong, on so many levels and that the reason for the downturn in PC sales was economic. Corporates would not replace PCs which were working when there was a recession.

Sure enough, Intel reports that the corporates are starting to refresh again and PC sales are improving. All this is happening while Tablet sales continue to grow like any consumer toy. Logic would say that if Jobs, his sycophants in the Tame Apple press, and brain dead analysts who were cutting and pasting reports from those sources had been right, then PC sales would never pick up again. In fact, they are operating in two different markets – consumer and business.

The business market flattened while the consumer market boomed.

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