Intel Chip is Pointed by PC Makers as They Tell to Lower Revenue Expectations

Intel Chip is Pointed by PC Makers as They Tell to Lower Revenue Expectations
Intel Chip is Pointed by PC Makers as They Tell to Lower Revenue Expectations

PC makers are pointing at Intel Chip as they asked Wall Street to expect lower revenue. On Wednesday morning, Intel shares fell down by 1.7% after Dell and HP both called out the chipmaker by name in earnings reports Tuesday evening. Intel remains central to the PC supply chain, though it has flattered at a crucial time because companies want to upgrade from the Windows 7 OS, which Microsoft is going to stop in the first month of 2020. Supply issues have hit Intel for a few months at a time in the past 30 years or so, but the recent episodes have been going on for a year or more, told by analyst Patrick Moorhead of Moor Insights & Strategy in an Interview on Tuesday. He also acknowledged supply is the biggest challenge Intel faces in the short term.

LEAVE A REPLY

Please enter your comment!
Please enter your name here