Intel profit drops by 13%

Intel profit drops by 13%

Intel has reported that its profit in the most recent quarter fell nearly 13 per cent.

In the company’s 2012 first quarter ending March 31, Intel posted net income of $2.74 billion, compared with $3.16 billion in the same period a year earlier, reported Xinhua. Intel’s revenue reached $12.91 billion in the quarter, slightly up 0.5 per cent year-on-year, the chipmaker said.

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