Intel has warned that its Q3 sales are likely to fall short of its own projections by as much as $1bn (£644m) due to weaker than expected consumer PC demand in mature markets.
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In a statement issued on Friday afternoon the semiconductor market leader said third quarter sales were likely to hit $11bn at best, in contrast to a previously forecast figure of between $11.2bn and $12bn.
Predicted gross margins for the current period have fallen one percentage point to 66%, Intel added.
Intel's Q3 closes towards the end of September and the vendor will next report on 12 October.