Intel Profits Plunge 90% In PC Market Slump

Intel Profits Plunge 90% In PC Market Slump

Intel on Thursday reported that fourth-quarter profits plummeted 90% and revenue fell 23% as the chipmaker became the latest casualty in the economic downturn that has hammered sales of PCs and consumer electronics.


The company gets 80% of its revenue from outside the United States. One exception in the otherwise dismal PC market is mini-laptops. Sales of the low-cost systems that sell for as little as $300 have been growing fast, and Intel has been gaining traction in the market with its Atom processors.