Intel Sales May Miss Estimates on Lackluster Demand for PCs
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Intel Corp.’s first-quarter forecast sparked concern that consumers aren’t returning to the personal-computer market.
The world’s largest maker of PC chips projected sales that may fall short of analysts’ estimates. Revenue will be $13.7 billion, plus or minus $500 million, the company said today in a statement. On average, analysts had predicted sales of $13.8 billion, according to data compiled by Bloomberg.