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.