In a program on Bloomberg, Cory Johnson talked about Intel Corporation (NASDAQ:INTC) and its future in the PC markets. He said that Intel Corporation (NASDAQ:INTC)’s sales are improving and last quarter depicted good results. He said that people are moving towards PC’s and Microsoft’s operating systems has a great role to play in this trend. Intel is recovering from its sales decline since past quarters. The profits are increasing and the company is getting the pace that was much needed in the growing completive industry of the PC domain. Intel Corporation (NASDAQ:INTC) was declining in the last year but now it is in the green zone.
Johnson said that AMD has failed in the PC markets pretty badly. The only edge AMD has is the gaming industry and some other third party contracts. Intel Corporation (NASDAQ:INTC) is also getting benefits of this factor as fewer competitors in the markets will give a boost to Intel to move forward and focus. Currently, the company has announced some new Wifi technology, wearable devices including fashion bracelet and bands. This new plunge in the wearable sector may give Intel Corporation (NASDAQ:INTC) a wide canvas to paint its success in the future.
Johnson said that Intel Corporation (NASDAQ:INTC) has also some potential in the tablets industry but that is not materializing currently. Talking about the Internet of Things endeavors of Intel Corporation (NASDAQ:INTC), Johnson commented that Basis partnership of Intel will not bring it much revenue but Intel will learn a lot as Internet of Things is the future. Intel’s chips are not in the Peak Basis systems in the future, the company can get fruits from the sowed seeds in the markets. He thinks that Peak systems will run based on Cloud and back at Cloud servers, the systems will have Intel Corporation (NASDAQ:INTC) chips.
Ken Fisher‘s Fisher Asset Management hold around 19 million Intel Corporation (NASDAQ:INTC) shares.