Strong results and more to come from emerging markets

Intel defies analyst predictions for PC market

Intel again beat earnings expectations and set an earnings record of $14.3 billion, up 29 per cent year on year.

The chipmaker set new records for the number of processors shipped, earnings and revenue while also forecasting sales ahead of analyst expectations in a downturn in personal computer sales.

The company said that sales of notebooks were largely responsible for driving sales growth and pointed to developing economies as new sources for sales growth in the coming quarter.

US-focused analysts have been down playing PC sales prospects in the face of the growing tablet category where Intel has failed to make much of an impact.

Intel chief Paul Otellini pointed out that so-called emerging markets were now in two of the top three PC markets in the world with China in pole position followed by Brazil at number three.

Despite 3-4 per cent growth figures cited for the PC market in Western Europe and the US by market analysts IDC and Gartner, Intel is forecasting between an 8 and 10 per cent rise in PC unit sales worldwide this year.

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