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.
- Play it again: Berlin's Computer Game Museum
- Switching from iPhone to Android: what I miss, what I don't
- Tech City: Easy to score when you move the goalposts
- How to remove SkyDrive from the Windows 8.1 Explorer
- Switching from iPhone to Android? Switch off iMessage
- Why is Google pumping more money into Firefox?
- Sky Broadband Shield review
- Samsung Galaxy S4: how to double your battery life
- Motorola Moto G review: first look
- IBM Watson meets Willy Wonka
- The importance of load balancing
- Windows Phone App Studio: an easy way to create your first Windows Phone 8 app
- The end of Windows XP support: what it really means for businesses
- Don't rely on Chrome's password vault
- Using Buffer to manage your social media
- Microsoft needs its own Steve Jobs
- Forget credit cards: hackers want your Facebook account
- Can't get fast enough broadband? Here's what to do
- Leap Motion and the battle against UI stagnation
- How to build a really bad network