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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
Intel Profits Fall -- Finspreads

LONDON -- (Marketwire) -- 01/18/13 -- Finspreads - Intel, the world's largest maker of computer microchips, has announced a cut in its profits for the last three months of 2012. Net income over the last quarter of last year fell by 27 per cent to $2.7 billion, which still beat the figure that was forecasted by many analysts. Revenue was also down; falling by three per cent to $13.5 billion.

Sales of PCs containing Intel chips have suffered with the recent rise of smartphones and tablets, something which many analysts have used to explain Intel's drop in profits.

Intel had already predicted slow sales in the run-up to the final quarter of last year, and that the usual boost to revenue from Christmas sales would be small.

Paul Otellini, Intel's chief executive, said, "The fourth quarter played out largely as expected as we continued to execute through a challenging environment."

In a statement, the company said that it expects revenue during the first three months of 2013 to be around $12.7 billion, a figure slightly lower than the average forecasts of analysts.

The announcement has already had an effect on Wall Street, with Intel slipping 5.69 per cent to $21.39.

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