Intel reported its largest-ever quarterly loss on Thursday, April 27 due to sharp decline in personal-computer sales and rising competition. It’s the fifth quarter in a row for the semiconductor giant when it reported falling sales and the second consecutive quarter of losses.
The quarterly results showed a staggering 133 per cent annual decline in the earnings per share. The revenue dipped nearly 36 per cent to $11.7 billion.
The company reported a net loss of $2.8 billion.
The Santa Clara, California-headquartered microprocessor-developer had reported a profit of $8.1 billion last year.
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