Enterprise, consumer PC demand spikes in emerging markets during Q3 - Intel

Wednesday, October 19, 2011

US chip manufacturer Intel (Nasdaq: INTC) saw strong demand for PCs among both the enterprise and consumer sectors in emerging markets during Q3, Intel president and CEO Paul Otellini told a conference call with investors.

"The global PC landscape is being reshaped. Emerging markets now represent two of the top three consumption PC markets in the world. China is now the largest PC consumption market in the world, while Brazil has become number three," the executive said.

"In terms of mix and uptake of new products, in the last 4-5 years, the emerging markets, at least, have not behaved materially different than our mature markets," Otellini said. "That is, the tier 1 cities in China or Brazil tend to buy essentially the same products that you buy in tier 1 cities of North America or Europe."

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Intel posted a US$3.5bn net profit in the third quarter of 2011, up 17% compared to the year-ago period, the company said in its latest earnings statement. Global revenues for the period reached US$14.2bn, jumping 28% year-on-year.

"Intel delivered record-setting results again in Q3, surpassing US$14bn in revenue for the first time, driven largely by double-digit unit growth in notebook PCs," Otellini said. "We also saw continued strength in the data center, fueled by the ongoing growth of mobile and cloud computing."

The firm's PC client group recorded revenues of US$9.4bn in Q3, increasing 22% year-over-year. The data center group billed US$2.5bn, up 15%.

Follow this link for the full financial statement.