Intel's Earnings Leap On Business Demand For PCs
by Jordan Robertson
SAN FRANCISCO- (AP) - Intel Corp. exceeded Wall Street's expectations with first-quarter earnings that jumped 29 percent, as businesses extended their yearlong buying streak and bought lots of new computers.
Strong corporate demand for PCs helped Intel overcome a serious product blunder and fallout from the deadly earthquake and tsunami in Japan. The rise of Apple Inc.'s iPad poses a long-term threat to the PC industry because the device is wooing away laptop buyers, but so far the trend appears to have had little impact on Intel's results.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- Ex-NBA Star Big Bill Cartwright to hold book signing
- The Link & Option Center and Concerned Political and Community Leaders Hosted a Press Conference Recently To Issue a Red Alert on the Maternal Health Crisis in South Suburban Cook County
- Chicago Chosen for 2026 International Jazz Day, Uniting World Sounds in the Birthplace of Blues
- The RoseRanch Grocery Store Narrows The Food Desert Gap On Far Southside
- Dancer Teaches Life Skills Through Dance
Latest Podcast
STARR Community Services International, Inc.
