Intel Q4 revenue beats estimates, netbook interest continues to crater

Intel lowered its revenue forecast in December, anticipating a drop due to hard drive shortages caused by the flooding in Thailand. Today the numbers hit, and it turns out the company actually beat its own estimates. Intel reported $13.9 billion in revenue for the quarter — its reduced estimate had come in at $13.7 billion — up 21 percent from the same time last year. While a pleasant surprise given the circumstances, the figure still represents a two percent drop compared to Q3 of this year, owing to decreased sequential revenues from its PC Client Group, as well as rapidly-dwindling interest in netbooks. The company's Atom line was the worst offender, with revenues dropping 38 percent from... »read more

More at: TheVerge Add additional source