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Intel: third quarter sales volume to be lower than expected

Today Intel announced that its third quarter sales volume will be lower than expected.

As you know, the company announced the third quarter forecast at the press conference in June, dedicated to the second quarter results, at which Intel reported $6.3 billion sales volume and $446 million revenues ($0.07 per stock). In the third quarter the company expected about $6.3-$6.9 billion turnover and about $106 million revenues ($0.02 per stock). Now Intel specifies that company turnover will get into expected range, however closer to the lower limit. The company believes this to be the result of low processors sales volume.

Along with the reduced demand, Intel considerably cut prices for its processros last week, that would also affect the total quarter sales volumes. And another keynote from Intel representatives states that company flash memory production directly corresponds to the forecasted values, while the demand for communication products remains low.

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