The Rising Influence of Rising Affluence

[DewDiligence]

INTC’s 3Q15 results/4Q15 outlook not awful:

http://www.wsj.com/articles/intel-profits-slide-amid-pc-slump-1444766884

Intel Corp. said its third-quarter earnings fell 6.3% amid continuing weak demand for personal computers.

For the current fourth quarter, the company estimated revenue of $14.8 billion, plus or minus $500 million. Analysts polled by Thomson Reuters expected revenue of $14.83 billion.

…revenue in the company’s client computing group, which includes PCs, fell 7.5% to $8.51 billion. PC chip shipments declined 19%, but the drop was partly offset by a 15% increase in average selling prices…

…The semiconductor giant’s shares, up 1.8% over the past year, added 1% to $32.35 in recent after-hours trading.