Intel cuts first quarter revenue forecast

Intel cuts first quarter revenue forecast View Gallery
Revenue forecast revised at Intel

Intel has slashed its first quarter revenue forecast by almost $1 billion on the back of lower-than-anticipated demand for corporate computers and weakening economies.

“Intel Corporation today announced that first-quarter revenue is expected to be below the company’s previous outlook. The company now expects first-quarter revenue to be $12.8 billion, plus or minus $300 million, compared to the previous expectation of $13.7 billion, plus or minus $500 million.”

Intel statement

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