dcsimg

Intel Lowers Q4 Revenue over Hard-Drive Shortage

Download the authoritative guide: Cloud Computing 2018: Using the Cloud to Transform Your Business

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

Computerworld: Intel has lowered its revenue predictions for the fourth quarter by $1 billion. It now expects revenue of $13.7 billion instead of $14.7 billion. The reason for the reduction stems from a hard drive shortage. Flooding in Thailand has halted production at many hard drive component factories. That in turn caused PC manufacturers to cut their production, reducing orders for the processors Intel makes.

Intel will release its quarterly and annual results Jan. 19.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER