Intel chief executive Paul Otellini has warned investors that the company will likely see sales fall short of expectations in the coming months.
Speaking on the company's quarterly earnings report, the Intel boss said that economic concerns will have an impact on the company and although this will be partly offset by the forthcoming release of Windows 8.
"As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment," Otellini said.
"With a rich mix of ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we're making in our product and manufacturing areas, we are well positioned for this year and beyond."
The warning from Otellini comes as the company is reporting a $13.5bn revenue haul in the last quarter. The figure represents a four per cent jump in revenues from the previous year's quarter.
The company's PC client group also saw revenues increase by four per cent, while the Intel datacentre group reported revenues up by 15 per cent.
"Demand trends for the core business played out as expected with the enterprise and emerging market segments contributing to the revenue growth offset by weakness in the mature market consumer segment," said Intel chief financial officer Stacy Smith.
While analysts expect to see PC sales grow in 2012, a number of factors including the economy and the growing popularity of tablet devices could help to keep sales numbers down.
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