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Intel posts lower Q4 income
- USA: Saturday, January 19 - 2013 at 01:51
Intel Corp has reported a 27% decline in profits for the fourth quarter of 2012, and its third straight quarter of falling revenues amid the downturn in the PC market, as consumers and businesses increasingly turn to smartphones and tablets, the Telegraph has reported. The chipmaker's chief executive Paul Otellini said the firm had performed "largely as expected" in a "challenging environment." Annual profits fell 15% to $11bn, on sales of $53.3bn, down 1.2%, he said.
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