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Stark Earnings for Intel Reflect Its Changing Market

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Intel Corp's overreliance on the PC market which is declining. About three fourths of Intel Corp. revenue is from the PC market. Intel stuck to its strategy of selling at higher margins to PC manufacturers and only gradually made the shift to smartphones and tablets. Intel was late to see the challenge from lower cost suppliers of chips for mobile phones and videogames. The quality of chips from these suppliers has improved to the point where they supply most of the chips worldwide for mobile phones and tablets. The late move into mobile devices has hurt performance of Intel. Net income declined to $2 billion in the 2nd quarter 2013, a 29% decline from the previous year. Revenue was down to $12.8 billion in the 2nd quarter, a decline of 5% from the prior year. Intel's new strategy is to pursue the lower end of the PC and tablet market with new chips planned for Dec. 2013 on notebook computers at prices in $300 range, and tablets in the $150 range. The new Intel CEO Mr. Krzanich is focussing on costcutting and other improvements.

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Intel Unveils Tiny Quark Chips for Wearable Devices

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Intel Tries to Find a Foothold Beyond PCs

New York Times 04/14/2013

Intel's Profit Falls 25%; Outlook Less Dire

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Intel's CEO Pick Is Predictable, but Not Its No. 2

Wall Street Journal 05/03/2013

Stark Earnings for Intel Reflect Its Changing Market

New York Times 07/17/2013

Intel Unveils Tiny Quark Chips for Wearable Devices

Wall Street Journal 09/11/2013

Intel Discloses Shift Toward Mobile Devices, Other Markets

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Intel Corp.and Ultrabook PC's in 2012-2015

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Grouped Articles

Microsoft Can't Keep Up in a Mobile World

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Stark Earnings for Intel Reflect Its Changing Market

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Intel's Recovery Realization

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Intel Looks Beyond PCs

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