• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

How to Root

One place to get your android phone rooted!

  • Apps & Games
  • How to
  • News
  • Reviews
  • Root
  • Tutorials
Home » Consumers Stop Buying PCs During The Recession, Hurting Intel.

Consumers Stop Buying PCs During The Recession, Hurting Intel.

August 11, 2022 by Elen Page Leave a Comment

Intel

Intel CEO Pat Gelsinger: “Some of our largest customers are reducing inventory levels at a rate not seen in the last decade,”
Intel claims PC demand has declined so much that PC makers are lowering inventory levels, reducing orders for its CPUs.

Intel’s second-quarter sales fell 22% year-over-year due to weaker demand. The chipmaker lost $500 million throughout the period.

“Our Q2 PC unit volumes suggest we’re shipping below consumption as some of our largest customers reduce inventory at a rate not seen in a decade,” said firm CEO Pat Gelsinger in an earnings teleconference.
Intel expects the PC market to drop by 10% this year. Gelsinger highlighted “widespread consumer weakness” for the goods, although enterprise PC demand remains.

It’s a big change from 2020 and 2021, when the COVID-19 pandemic pushed many to work and study from home. PC shipments reached a 10-year high.

Intel blames its weak financial performance on the economic slowdown and sky-high inflation. Fears of a recession and insufficient demand cause PC vendors to decrease inventories to save money.

CFO David Zinsner cited “worse-than-expected COVID-driven demand reduction and supply dislocations in China” He expects Intel’s revenues to rise as PC suppliers replenish their chip stockpiles.
Zinsner: “We’re at the bottom of revenue.” “Second-half products are looking good.” Intel’s 13th generation Core “Raptor Lake” processors will debut in October. Intel will hike chip costs.

More From Us:Prices And Shortages Of Optical Fiber Will Be Unheard Of In History.

Related

Filed Under: News Tagged With: Intel

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

data leaks

China Censors News Of 1 Billion Data Leaks

The alleged hack of Shanghai police files; one of the largest data breaches ever. Therefore it is quickly being censored on social media by Chinese authorities. Moreover, Data Leaks Affecting 1 Billion People information was leaked on a cybercrime forum; according to the Financial Times. However, the full file, which is being sold for 10 […]

More From Us

Sony

Sony Own Websites Violated Copyright

Instagram

Instagram Director Predicts A Crowded Video Feed

Wacom's Cintiq Pro 27

Wacom’s Cintiq Pro 27 For Creatives Professionals

Apple's iPadOS 16

Apple’s iPadOS 16: The Juicy Details

download YouTube videos

Download YouTube Videos On A Laptop, Phone, Or Tablet

Copyright © 2023 · How to Root / Contact Us - About Us - Privacy Policy