Intel Girds for Third Quarterly Sales Decline on PCs Slump: Tech
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Intel Corp. is girding for a third straight quarter of falling sales, highlighting the chipmaker’s struggle to adapt in a world swiftly embracing mobile devices and leaving behind the personal-computer industry it dominates.
Sales in the current period may decline, Intel said yesterday, after reporting a 3 percent drop last quarter. That followed a 5 percent slide in the September quarter. The shares fell the most since May 2010.