Cloud Computing: As PC sales fall, Intel eyes the data center as its next big hope
April 15, 2015
Grazed from Fortune. Author: Jonathan Vanian.
If you needed another reminder that the personal computer business is continuing to slump, look no further than Intel’s flat first quarter revenues that it blamed on people being uninterested in buying PCs.
But as those sales continue to decline, Intel sees a bright light when it comes to selling microchips to data center operators and cloud companies that handle computing for their customers. Intel expects this business will contribute more heavily to its future revenue. It’s just a question of whether that business will grow fast enough to offset the public’s lack of interest in desktop computers…
Intel executives explained several times during the company’s earnings call with investors Tuesday that the declining PC market played a big role in the company’s disappointing quarterly sales of $12.8 billion. Intel CFO Stacy Smith spelled it out even more when talking about the performance of the division that includes both PC and mobile sales by emphasizing the weakness in the PC side of the business…
Read more from the source @ http://fortune.com/2015/04/14/intel-data-center-earnings/