Tuesday, 15 April 2014

Intel is losing billions every year on tablets and smartphones

In recent months, Intel has been under pressure to explain why personal computers haven't been selling quite as well. But the chipmaker may have a more pressing concern: losing billions of dollars on mobile. In 2013, Intel's mobile chip division lost a staggering $3.15 billion, after posting an operating loss of $1.78 billion in 2012. In the first quarter of 2014 alone, the Mobile and Communications Group saw a $929 million operating loss on a meager $156 million in revenue, according to new financial results issued today by the company.
While we'd previously seen Intel struggle for success with smartphones and tablets, this is the first quarter that Intel has broken out numbers for the mobile division alone, which is responsible for...
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