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Submission + - Intel Profit Shrinks 27 Percent On Dreadful PC Sales (cnn.com) 1

HangingChad writes: Intel reported earnings on Tuesday that were down nearly 27 percent from a year ago on slumping PC sales. Worldwide PC sales dropped by 5 percent in just the 4th quarter and are down 2.5 percent for all of 2012. Intel managed to beat earnings in Q3 2012 but the numbers are still dismal.

Speculation is that customers are replacing PCs with tablets and other connected devices.

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