Intel is seeing stronger-than-expected demand for PCs from businesses, prompting it to raise its revenue forecast for the second quarter of its financial year.
Intel said it now expects revenue to hit $13.7bn for Q2 2014, plus or minus $300m, up from $13bn, plus or minus $500m.
The announcement boosted Intel’s shares by over five percent in pre-market trading on the Nasdaq.
The unexpected boost in business PC sales comes at a time when many market watchers claim firms are shunning PCs and investing in tablets and smartphones instead.
As the main chip supplier to these firms, Intel is well placed to benefit from this mini boost and will be hoping it reverses a trend of falling PC Client Group revenue.
First quarter figures showed revenue of $7.9bn for the PC division, down eight percent over the last two quarters and down one percent year-over-year. Full-year 2013 revenues for its PC group were $33bn, down four percent on 2012.
Any boost in financies will be welcomed by Intel's number crunchers as the firm looks set to pay a fine of €1bn after the European Union upheld an anti-competition fine over its dominance in the x86 server market.
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