Intel Q4 revenue up 3%, income up 6%

Intel’s fourth-quarter revenue rose 3 percent to $13.83 billion

The world’s largest chipmaker’s net income rose 6 percent to $2.63 billion, as the company offset flat demand for its personal computer chips with higher sales of other products.

AP reported that Intel supplies chips for the majority of personal computer processors, so the consumer shift away from PCs -and toward tablets and smartphones- continues to hurt sales. The company has tried to offset the decline with higher sales of chips for servers, phones and tablets.
Last week, a pair of research firms said PC sales continued to sink during the holiday shopping season, capping the steepest annual decline in PC shipments in decades.

According to Gartner, worldwide PC sales fell 7 percent during the fourth quarter, marking the seventh-straight quarter of declines. Meanwhile, International Data Corp said global PC shipments fell 6 percent.

Fourth-quarter revenue from Intel’s PC group was $8.6 billion, about the same as a year ago, while data center revenue jumped 8 percent to $3 billion. Revenue from the company’s other businesses increased 9 percent to $1.1 billion.

For the full year, the Santa Clara, California-based company earned $9.62 billion down from $11 billion in 2012. Revenue fell to $52.71 billion from $53.34 billion.

For the current quarter, Intel projected revenue of $12.3 billion to $13.3 billion.

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