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Intel Profits Jump 51%, But Slowdown Seen

Posted Jan 16, 08 8:12 AM CST in Technology,  Business 

(Newser) – Intel's net income leaped 51% in the fourth quarter—the No. 1 chipmaker's largest increase in 14 quarters—to $2.27 billion. But the glow was dimmed by what looks to be a cooling PC  market, leading to lower projections for 2008, and sending Intel’s share price down 14% in after-hours trading, reports the Wall Street Journal.

Strong demand and reduced production costs helped Intel’s fourth quarter gross profit margin reach 58%; the company’s revenue rose a disappointing 10.5%. PC shipments began to slow late last year, pinching Intel as it regains its edge over rival AMD, still struggling to release its latest chipset. Analysts say Intel’s revenues could slump as much as 10% in the first quarter.

Sources Wall Street Journal, Bloomberg

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Intel Corp. Chief Executive Paul Otellini shows off a wafer of new chips with super-small 32-nanometer circuitry at the Intel Developers Forum in San Francisco, Tuesday, Sept. 18, 2007. (AP Photo/Paul...   (Associated Press)
CEO of Intel Paul Otellini speaks with Apple CEO Steve Jobs (not pictured) during the keynote address at Apple MacWorld Conference in San Francisco, Tuesday, Jan. 15, 2008. (AP Photo/Jeff Chiu)   (Associated Press)
Intel CEO Paul Otellini interviews with a reporter at the Intel booth at the Consumer Electronics Show (CES) in Las Vegas, Monday, Jan. 7, 2008. Otellini said energy-efficient, Web-connected computers...   (Associated Press)
Intel Corporation CEO, Paul Otellini, delivers a keynote address during the Consumer Electronics Show in Las Vegas on Monday, Jan. 7, 2008. (AP Photo/Laura Rauch)   (Associated Press)
Intel Corp. CEO Paul Otellini holds up an Intel chip at an at Intel headquarters in Santa Clara, Calif.   (Associated Press)
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