Intel Posts $3.1 Billion Profit as PC Sales Slide, Tips Hat to Server Business

Money making machine

The remarkable thing about Intel is that it continues to rake in billions of dollars every quarter no matter what the market conditions are. Case in point, Intel beat out Wall Street estimates by recording $14.5 billion in revenue during the third quarter.

That’s down just a tick from $14.6 billion the chip maker reported in the same quarter a year ago, which is nothing to be ashamed about in the current landscape of …read more

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