Intel warns on weak consumer demand

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.

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.

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.

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