34 days ago • Posted by William Ramstein

Intel may outsource more of its production abroad; revenues expected to have fallen last Quarter

Intel has showed record earnings from demand for personal computers. The increasing use of cloud services has also increased sales of its Xeon server chips. However, Analysts expect Intel revenue fell 13% in the fourth quarter to $17.5 billion and they see sales declining 18% year-over-year to $16.18 billion in the current period. For 2021, sales are projected to fall 7%. Earnings reports come out tomorrow  - Bloomberg

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