Intel Cuts 2012 Forecast as U.S., Europe Fail to Rebound
This article is for subscribers only.
Intel Corp., the world’s largest semiconductor maker, scaled back its annual sales forecast as personal-computer demand fails to rebound among consumers in the U.S. and Europe.
Revenue will rise 3 percent to 5 percent in 2012, the company said in a statement yesterday. That was lower than an earlier projection for a gain at a percentage in the high single digits. Santa Clara, California-based Intel posted $54 billion in sales last year, and analysts on average estimated growth of