Intel Soundly Beats Analyst Expectations

Few industries are thriving as a result of this economic recession as most of the world’s businesses attempt to deal with the repercussions of the crisis and brace for the future. The personal computer industry has been especially hard hit, but a new report about hardware maker Intel may signal a reversal of fortune for the struggling PC companies.

Sales have dropped across the board for hardware makers in numbers ranging from one fifth to one quarter. Even computer giant Microsoft has been hit hard by the recession, laying off a large number of employees after a disappointing downturn in sales.

Intel, however, has managed sales of $8 billion dollars in the last quarter, a number $700 million higher than analysts expected for the company. In an industry that has barely met analyst expectations throughout the recessions, Intel’s strong performance is a great sign. Intel is even confident enough to release a forecast for the current quarter, expecting anywhere from $8.1 to $8.9 billion in revenue.

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