Intel’s Quarterly Revenue: $13.5 Billion

(Ping! Zine Web Tech Magazine) – $13.5 billion: The statistic would be considered a marvelous feat for any business. However, for chip creator Intel, it actually represents a downslide compared to previous earnings.

On Tuesday, the company announced its latest quarterly figures, noting it had made that amount during the third period of 2012. According to a New York Times report, that’s down -5.5 compared to last year.

Intel CEO Paul Otellini didn’t hold back when expressing the company’s existence in a weak market. “Our third-quarter results reflected a continuing tough economic environment,” the CEO stated.

Otellini, meanwhile, expressed excitement for Intel-inspired Ultrabooks, phones and Intel-based tablets.

Intel is perhaps best known for its computer processors, present in a particularly large number of computer systems by companies including HP, Dell and Apple.

The computer industry appears weak overall, though. In March, Gartner noted it expected a PC market growth of just 4.4%.

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