Official Intel Revenue Estimates For Fourth Quarter Announced

The growing demand for computing equipments in the emerging economies appears to have had a positive fallout on Intel as the company posted pretty impressive revenue forecasts for the ongoing fourth quarter. According to a statement from the company that was made public yesterday, Intel shall be seeing a revenue of $11.4 billion during this […]

The growing demand for computing equipments in the emerging economies appears to have had a positive fallout on Intel as the company posted pretty impressive revenue forecasts for the ongoing fourth quarter. According to a statement from the company that was made public yesterday, Intel shall be seeing a revenue of $11.4 billion during this quarterly period that is notably higher than the numbers predicted by analysts. Gross margin during this quarter is likely to be around 67%.

The company has conceded that sale growth from within the home territory of United States has remained thin and that there has been a significant contribution to growth from the sale of computers to corporates and households in less developed economies.

The announcement has helped the company’s performance at the stock market. The company stock (NASDAQ:INTC) has risen 1.06% to $19.88 in the pre-market period. Stocks are also learned to have risen by 1.7% in the German stock market.