Intel CEO Paul Otellini believes that the PC industry is now on a path out of the recession.
The man who is at the centre of the world’s biggest chipmaker told the BBC that he expects to sell as many PCs in 2009 as he did in 2008.
The claim is in stark contrast to the abundance of pessimistic sales results and negative analyst projections for the IT sector.
Otellini did in fact say in a conference call back in April that the PC industry had ‘bottomed out’ and was set for growth again. Today, analysts are upbeat that he’s now adding weight to that promise.
The Intel boss hailed the “indispensable” reputation that PCs have within consumer conscience, stating that this was the reason why they’re still being purchased despite more thrifty consumer habits.
Shares in Intel spiked last week as the firm told investors that Q3 revenues would rise above its own estimations.
Intel’s Q2 results had exceeded predictions - with an overall net profit of £433 million – yet the group declined to make Q3 sales projections, citing the uncertain economic climate.
Advertisement
Related Stories
- New Intel Sandy Bridge graphics drivers Feb 8th 2012 at 4:10AM
- Intel launches new GPU-less Core i5, Celerons Jan 31st 2012 at 6:48AM
- Ultrabooks to 're-energise' the notebook market Jan 25th 2012 at 8:01AM
- Another Intel record quarter, invests in mobile Jan 20th 2012 at 6:42AM
- Intel launches Performance Tuning warranty for overclockers Jan 19th 2012 at 4:22AM
- Intel says Medfield will run Android better than ARM Jan 18th 2012 at 6:41AM
- AMD's Trinity to compete with Intel's ultrabooks Jan 17th 2012 at 6:27AM
- CES 2012: Razer reveals Project Fiona Jan 11th 2012 at 7:11AM
- CES 2012: Intel enters smartphone arena Jan 11th 2012 at 6:18AM
- Lenovo's new Cedar Trail not-a-netbook Dec 30th 2011 at 4:57AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!