Intel Corporation (NASDAQ:INTC) has just announced its quarterly report, according to which the company has second-quarter diluted earnings of $0.55 per share on $13.83 billion in revenues. Stacy Smith, Chief Financial Officer of Intel Corporation (NASDAQ:INTC) provided an interview to Bloomberg’s Cory Johnson in a program. He said that company has great expectations from the coming quarter and the initial jump and smart earnings will give a strong base to propagate the next quarter’s proceedings. He said that Intel Corporation (NASDAQ:INTC) is focusing on innovating the PCs to a next level where people will prefer upgrading their old PC or buying a new one instead of spending money in Tablets or mobiles. He rejected the idea that PCs are dying rather he claimed that we are about to see a new refreshed era of PCs very soon.
“I think it’s as simple as what we see, is a lot of computers out there that are over four years old and when you think about the evolution of the computer over the last several years, you know there are thinner layers, spectacular performance and graphics, great battery life, touch-enabled, and so what we are seeing, I think, is just start of refresh of people buying new devices because of the capabilities that those devices bring,” said Smith.
Smith explained the secret of Intel Corporation (NASDAQ:INTC)’s growth rate and market lifts. He said that the real working advantage for Intel Corporation (INTC) is the Moore’s law, which always gives them a manufacturing advantage in terms of performance and spatial cost reduction. Smith said that Intel Corporation (INTC) has a lot of options in the performance canvas where the company can offer high performance devices in different price ranges. High end devices give the best ROI to clients and hence the sales are increased.