SAN FRANCISCO: Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in tablets was on track.
With personal computer shipments falling for eight straight quarters through March, some analysts believe the industry's decline is close to hitting bottom, potentially giving Intel breathing room as it struggles to develop better processors for mobile and wearable devices.
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