Intel has surprised investors by issuing a revenue warning for the third-quarter of 2012, citing softness in enterprise PC sales and slowing growth from emerging markets.
According to Tom’s Hardware, Intel cut $US1.1 billion from its third quarter revenue forecast, with the company now projecting revenues of $US13.2 billion for the quarter.
The company told investors that its customers were reducing the amount of inventory in their supply chains, where historically they have usually increased inventories during the third quarter.
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While Intel has been a dominant supplier of CPUs for desktop and laptop PCs and Macs, it has struggled to gain a foothold in the smartphone and tablet market, which is dominated by ARM-designed processors.
The news comes after HP recently revealed a massive $US8.9 billion quarterly loss.