Intel lowers Q3 revenue forecast

Intel lowered its revenue forecast for the fiscal third quarter of 2010 Friday, citing lower-than-expected demand for consumer PCs in mature markets.

The company is now projecting revenue for the quarter to be US$11 billion, plus or minus $200 million, the company said in a statement. The company previously projected third-quarter revenue between $11.2 billion and $12 billion.

Intel's chips go into more than 80 percent of computers worldwide. IDC last month said PC shipments are expected to grow at slower rates in the second half as consumer spending slows down. PC shipments grew at fast rates in the first two quarters compared to the same quarters last year as economies rebounded from the recession.

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- Posted: 2010-08-28 21:36:05

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