Intel posted Q1 sales of US$12.8bn, marginally up on last year, with a major fall off in PC sales combated by Intel’s data centre group and its internet of things (IoT) focus.
PC sales seemed to dominate the tech giant’s financial results, with the the company blaming “the public’s lack of interest in desktop computers,” said Forbes.
And this attitude isn’t expected to turn around any time soon, it seems, with Intel “not currently forecasting a big recovery or boom in the second half” of the year, even with the release of Windows 10, according to Brian Krzanich, Intel CEO.
Windows updates are mere constant noise in the world of tech nowadays, but Windows 10 does look like it has the potential to be a bit of a game changer, but that’s not enough for Intel to be pleased.
Pinning its hopes on its data centre chip capabilities and IoT technologies is a bit of a risk, although they are both on the rise they still represent less than a third of Intel’s full financials – PCs represent more than half.
Intel’s data centre group took in $3.7 billion compared with $3.1 billion in the same period a year earlier, while its internet of things group had $533 million in quarterly sales versus $482 million in the corresponding quarter of 2014.
Everybody is gambling on the IoT industry, but it is still in such infancy that it’s hard to tell when any significant returns will be made.
What’s clear is, until the whole battery industry is revolutionised, there’ll be no explosion of products.
Intel at CES image, via Shutterstock