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Intel revenues survive falling laptop prices

Net income reaches $1.6bn in Q2

Intel recorded strong earnings in the second quarter of 2008 despite a drop in the average selling price of its chips.

The company's net income was up 25 percent to $1.6bn, or $0.28 per share, compared to $1.28bn, or $0.22 per share, in the same period of last year. Analysts polled by Thomson Financial had forecast net income of $1.49bn for the second quarter, which ended June 28.

Intel's net revenue was $9.47bn, a year-over-year increase of 9 percent and beating analyst estimates of $9.32bn.

Growth in demand for lower-priced laptops resulted in a lower-than-expected average selling price of microprocessors, Intel said. However, demand for chips will continue to remain strong through the year, said Intel CEO Paul Otellini in a statement.

"As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe," Otellini said.

See our dedicated spotlight for more Intel news


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