Intel Needs Mobile Product Wins for Growth, CFO Smith Says
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Intel Corp., whose processors run more than 80 percent of the world’s personal computers, said the decline in the traditional PC market will persist as consumers shift to tablets and other mobile devices.
“What you’re seeing is a transition of the classic PC market into these kinds of things,” Chief Financial Officer Stacy Smith said in an interview on Bloomberg TV. “If you think about the PC as being a classic computer that you might have used two or three years ago, I think that device declines.”