Intel has released a statement today that revised the companys projected earnings for this quarter from $13 to $13.7 billion and it's a result of increased demand for PCs in the business sector.
From Neowin:
From Neowin:
Intel has released a statement saying that its sales for this quarter are coming in higher than expected which means that they need to revise their earnings estimates for the current period. Intel is now expecting revenue to be $13.7 billion, plus or minus $300 million, as compared to the previous range of $13.0 billion, plus or minus $500 million.The death of Windows XP is helping Intels bottom line
Why the jump in demand? Intel says that there is strong demand in the business segment for new PCs, which is likely being caused by Microsoft’s end of support for Windows XP.
Many corporations were using Windows XP right up until the end of support and then either needed to buy new machines to replace the old hardware or upgraded the OS on older machines. When upgrading the older machines, this is really a temporary stopgap before buying new hardware. As such, Intel sees the result of these hardware purchases as they sell more chips to OEMs and it boosts their bottom line.