Ron Burgundy Posted March 12, 2015 Share Posted March 12, 2015 Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, saying small and medium businesses did not upgrade from Windows XP operating system as much as the chipmaker had expected. Businesses and consumers were taking an "if it ain't broke, don't fix it" attitude to their old PCs, Summit Research analyst Srini Sundararajan said. Intel has been playing catch-up after falling behind in high-growth areas such as mobile chips as customer spending increasingly moved towards low-cost handsets, tablets and laptops. Intel, which benefited after Microsoft Corp wound down support for Windows XP operating system in last April, has been trying to offset the impact of the slowing upgrade by providing chips for new gadgets such as "2-in-1s", a hybrid that can function both as a laptop and a tablet. View the full article Quote Link to comment Share on other sites More sharing options...
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