Intel has performed admirably during its first quarter revenue, despite a surge in tablet and smartphone interest generating PC market softness.
The world's largest chip maker reported revenues of US$12.6 billion, falling from $12.9 billion the year previous,with a net income of $2.04 billion, down $2.74 billion from 12 months prior.
But as the PC industry struggles with declining sales and waning interest, the company remained bullish looking forward, despite trimming capital spending plans for 2013.
"Amidst market softness, Intel performed well in the first quarter and I'm excited about what lies ahead for the company," says Paul Otellini, president and CEO, Intel.
"We shipped our next generation PC microprocessors, introduced a new family of products for micro-servers and will ship our new tablet and smartphone microprocessors this quarter.
"We are working with our customers to introduce innovative new products across multiple operating systems.
"The transition to 14nm technology this year will significantly increase the value provided by Intel architecture and process technology for our customers and in the marketplace."
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