Intel is typically associated with PCs. The company’s processors are almost always the default choice whether it comes to custom builds or premade computers. However, in the recent years, we’ve actually seen AMD on the rise, plus there is also Apple’s new direction in which they will be ultimately ditching Intel’s processors for their own custom chipset.
However, despite all the turbulence in the industry, it appears that Intel is more than holding their ground. Based on the company’s latest earnings report, it appears that Intel’s PC business is doing pretty well and has actually seen an increase of 33% in revenue from the year before. To be more specific, Intel managed to pull in $2.6 billion more than they previously expected.
It has been suggested that the increase in revenue was fueled by cheap laptops. The report revealed the average price of laptops had actually fallen by 15%. It is speculated that this is due to the pandemic in which more people started to work and study from home and needed a new computer, but weren’t exactly willing to pay a premium, as long as it works.
Intel is also expected to welcome its new CEO, Pat Gelsinger, who will be officially coming into his role this coming February.