Strong business PC growth makes Intel raise Q2 forecast


— 6:00 AM on June 13, 2014

It looks like Intel's having a good quarter. The chipmaker raised its revenue forecast yesterday, bumping projections for both the ongoing quarter and the full calendar year.

Intel now expects its second-quarter revenue to fall between $13.4 billion and $14 billion, up from the previous range of $12.5-13.5 billion. The company has also bumped its expected gross margin range to 62-66%, up from 61-65% previously. Finally, for 2014 as a whole, Intel now expects "some revenue growth" as opposed to "approximately flat" growth.

The higher-than-expected figures can be attributed to "strong demand for business PCs," the chipmaker says.

Intel isn't the first company to laud business PC growth this year. In February, HP enjoyed an unexpected 4% uptick in PC revenue thanks to strong sales of business notebooks. The growth appears to coincide with the demise of Windows XP, which came out of its "extended support" phase on April 8 of this year.

   
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