Intel revenue dives $1bn on hard disk shortage
By Nicole Kobie
Posted on 12 Dec 2011 at 15:08
The ongoing hard disk drive shortage will hit Intel's revenues by $1 billion, the company has admitted.
The shortage, caused by flooding in Thailand, has already increased prices across the industry, with analysts predicting the shortage could last until the third quarter of next year.
Intel said it now expects its fourth quarter revenue to be $13.7 billion, down from predictions of $14.7 billion.
"Sales of personal computers are expected to be up sequentially in the fourth quarter," Intel said. "However, the worldwide PC supply chain is reducing inventories and microprocessor purchases as a result of hard disk drive supply shortages."
Intel said it expected hard disk shortages to continue into the first quarter, but start to recover by the first half of the year.
Is your business a social business? For helpful info and tips visit our hub.
- iPhone 6 features, specs and UK release date: when does the iPhone 6 launch?
- iWatch UK release date, specs and price rumours: when is the iWatch coming to the UK?
- Piracy warning letters: four strikes and you're not out
- iPhone 6 sapphire display: is Apple cutting costs with composite materials?
- iPhone 6's Apple logo may light up for notifications
- How Google Glass ruined my lunch hour
- Smartphone battery packs: can a USB power pack beat the festival battery blues?
- Windows Easy Transfer – not so "easy" in Windows 8.1
- Formula 1: what a difference virtualisation makes
- Office of the future: comfy chairs and tablets everywhere
- I went to Glastonbury and the only thing that got high was my smartphone
- Meet the robots helping teach children
- PaperLater: would you pay to print the internet?
- Amazon vs Kobo: how much to make the ebook switch?
- Phishing emails: how I nearly got caught out
- How to add in-app purchasing to an iPhone, Android or Windows app
- Remote-control ransomware: TeamViewer and software hardball
- Why laptops with serial ports matter to the Internet of Things
- Make your mobile battery last longer
- Small steps into handling Big Data
- Nexus 5: does it really run stock Android?
- How to get broadband to a garden office
- How to write your company's IT security policy
- Raspberry Pi and Wolfram: a must-have for every child
- Could you get by with Office Web Apps?