Intel posts fall in Q4 sales
Intel has reported a fall in Q4 sales and profits on the back of weak pc sales.
The chip maker's net income fell 27% to $2.47billion, while revenue fell 3% to $13.5bn.
The figures took Intel's profits for the year to $11bn, on revenues of $53.3bn. This was a fall of 15% and 1.2% respectively on the previous year.
"The fourth quarter played out largely as expected as we continued to execute through a challenging environment," said Paul Otellini, Intel's chief executive.
The company said in a statement that it expects Q1 revenues for this year to be about $12.7bn, slightly below analysts' forecasts of $12.9bn.
