Futures have markedly improved, after a big guide up by chip giant, Intel. Of all things, the company cited an improving PC market as a reason for the rosy outlook. I suppose people are, finally, replacing their old computers for newer models? It had to happen at some point, especially on an enterprising level.
Via Briefing.com
09:04 | INTC | (36.56)
Intel raises Q3 rev & gross margin guidance guidance primarily driven by replenishment of PC supply chain inventory & improving PC demandCo issues raised guidance for Q3 (Sep), sees Q3 (Sep) revs of $15.3-15.9 bln from $14.4-15.4 bln vs. $14.89 bln Capital IQ Consensus Estimate.
The increase in revenue is primarily driven by replenishment of PC supply chain inventory. The company is also seeing some signs of improving PC demand.
The company is forecasting the mid-point of the third-quarter GAAP gross margin range at 62 percent, plus or minus a couple of points, up 2 points versus the prior third-quarter GAAP outlook gross margin midpoint of 60 percent, driven mostly by higher PC unit volume. The midpoint of the third-quarter non-GAAP gross margin range is now forecasted at 63 percent, plus or minus a couple of points, up 1 point versus the prior third-quarter non-GAAP outlook gross margin midpoint of 62 percent.
Third-quarter R&D plus MG&A spending is expected to be ~$5.2 bln, $100 mln higher than the prior expectation of ~$5.1 bln.
All other expectations have been withdrawn and guidance will be updated with the company’s third-quarter earnings report on Oct. 18.
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The stock is surging on this news, as well as the related tickers above.
It was all bullshit that the PC was “dead”. I had said this for the longest time. Now they “PROS” are saying the smartphone is dead. “They” have no fucking clue what they are talking about and its all bullshit.
Tablets are dead too
Heard that servers are on their way out soon and will be replaced by “the cloud”.
IPad Pro doing quite well, exceeding expectations. Great business device that fits right into the IBM/Apple strategy, especially for sales dept’s, warehousing.
I have been contemplating buying a new PC for the home business as the HP’s at Costco are on a fire sale. It would be my first new PC in years. I just upgraded my five-year old personal computer with Windows 10 and it is working very well, no need for an ingrate there at all.
Tablets are not dead. My iPad 3rd-gen will not run iOS10 and will have to be upgraded and Christmas is coming.
Upgrade*, not ingrate…
New iPhones now using Intel chips I believe
Intel is one of two suppliers for the iPhone. Finally.
Bought a new intel-powered PC just a couple weeks ago. This after having tablets and phones for years, along with old laptops that were just too small. None of that nonsense replaces the PC experience, esp when you can get a fairly powerful monitor-only PC with a good sized screen that fits almost anywhere.
The specs on an HP PC I looked at the other day at Costo were something like 24GB of RAM, 4GB RAM on the graphics card, 2TB drive. Those are monster specs and the computer was on sale for about the same price as an iPad Pro.
What are the best specs to look for on the iPad Pro ?