Intel has been forced to cut its revenue forecast ahead of the company's Intel Developer Forum (IDF) event next week, citing a slowdown in enterprise PC sales as a primary cause.
The chipmaker announced that its revenue for the period of July through September is likely to be lower than previous estimates, at $13.2bn plus or minus $300m, rather than the expected figure of $13.8bn to $14.8bn.
However, it should be borne in mind that these are revenue figures that most companies would be more than pleased to see.
Intel said that is seeing customers reducing inventory in the supply chain versus the usual growth in third quarter inventory, which implies buyers are holding off purchasing new systems ahead of the coming launch of Windows 8.
The launch is likely to see an array of more attractive new devices tailored to Microsoft's platform and no doubt Intel will be hoping this can make up the shortfall it is predicting for the third quarter.
Intel further attributed the downturn to softness in the enterprise PC market and slowing demand in emerging markets, but PC sales have also been hit by buyers being drawn to alternative platforms such as tablets devices.
One brighter note in the figures is that Intel said the datacentre business is meeting expectations, showing that server sales, and hence the processors that power them, are holding up.
The company is expected to unveil the fourth generation of its Core processor chips, codenamed Haswell, at next week's IDF event in San Francisco.
Intel said its quarterly and full-year expectations will be updated in the company's third-quarter earnings report coming on 16 October.
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