Intel Corp posts highest profit in its history

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Intel Corp posts highest profit in its history
San Francisco, Jan 18: Intel Corp, the world's biggest chipmaker, reported a highest quarterly profit that beat the expectation of analysts.

The company forecast first-quarter revenue of about $9.7 billion on Thursday, Jan 15, compared with the $9.34 billion average estimate in a survey.

Santa Clara, California-based Intel also reported a surge in fourth-quarter sales and profit.

Intel rode the resurgence of consumer PC shopping to a profit of $2.3 billion, or 40 cents per share.

It was more than nine times as much as it earned in the year-ago quarter, when profit totalled $234 million, or 4 cents per share.

Intel also posted its highest gross profit margin in history, at 64.7 percent.

Sales climbed 29 percent to $10.6 billion, as Intel sold more chips, many at higher prices than in the past.

Analysts expected a profit of 30 cents per share and $10.2 billion in revenue.

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