Intel's Earnings Are Down For 4th Straight Quarter

The computer chip maker is facing a tough reality with its latest earnings report. Intel's second quarter profit was down 29 percent compared to last year. One reason is that more and more consumers and businesses are switching from traditional computers to smart phones and tablets.

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, HOST:

NPR's business news begins with a sales glitch for Intel.

(SOUNDBITE OF MUSIC)

GREENE: Intel, the computer chip maker, is facing a tough reality with its latest earnings report. Intel's second quarter profit was down 29 percent compared to last year. One reason is that more and more consumers and businesses are switching from traditional computers to smart phones and tablets.

To stop that slide, the company is trying to persuade more phone and tablet makers to use its processors, but that hasn't happened so far. It's the company's fourth straight quarter of declining sales.

Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: