Intel Lowers Its Q1’15 Outlook On Account Of Weakening PC Demand

Earlier this week, Intel lowered its Q1 2015 outlook as a result of weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. The company has lowered the midpoint of its Q1 2015 revenue guidance from $13.7 billion, plus or minus $500 million, to $12.8 billion, plus or minus $300 million. The gross margin guidance remains intact at 60%, plus or minus a couple of points. Additionally, Intel has withdrawn its 2015 guidance and will update the yearly outlook along with its Q1 2015 earnings release next month.