Intel CEO optimistic about PC industry

Posted on Thursday, April 21 2011 @ 20:50 CEST by Thomas De Maesschalck
Forbes had an interview with Intel CEO Paul Otellini and got to hear that the PC business is doing just fine.
Eric Savitz: Paul, how’s the PC business?

Paul Otellini: Last year was the best in the industry’s history. Intel set records in both units and revenue. PC units were up 17% and sold more than a million units a day.

ES: Ah, but what about 2011?

PO: We’re looking for 13% to 15% PC unit growth, driven by two things. One, corporations didn’t purchase a lot of PCs in 2008 and 2009; they started buying in the middle of last year in earnest, and the trend continues. Over 90% of enterprises still have Windows XP. It’s time to upgrade. People are converting to Windows 7, typically with new PCs. And emerging markets continue to be very strong. I just saw the numbers for India. GDP there is growing 8% or 9%. Typically there is good correlation between GDP growth and PC sales, and that is continuing in emerging markets in earnest.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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