Saturday, September 23, 2023

Intel’s PC business is up 33% thanks to cheap laptops

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We already know that 2020 has been a huge year for PC shipments, now Intel confirms this report with explosive fourth quarter results. The chipmaker claims its PC business grew 33% from last year, with laptop revenue in particular increasing by 30%. Intel’s client IT group, which hosts its PC products, posted revenue of $ 10.9 billion in the quarter, a 9% jump from a year ago. What’s most interesting is that the average price of laptops has dropped 15%, which tells us that people definitely needed new computers in the face of the COVID-19 pandemic, but they weren’t. willing to pay a premium.

Strong PC sales from Intel, along with a surprising 39% jump in its autonomous driving technology division Mobileye, helped the company to exceed its October revenue forecast by $ 2.6 billion. The company reported fourth quarter revenue of $ 20 billion, with profits of $ 5.9 billion. Those numbers were actually down 1% and 15% from last year, respectively, but the company continues to cheer.


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