Intel 4Q net income rises 6 pct
NEW YORK (AP) -- Intel's fourth-quarter net income rose 6 percent, as higher sales of other products offset flat demand for its personal computer chips.
The world's largest chipmaker earned $2.63 billion, or 51 cents per share, up from $2.47 billion, or 48 cents per share, in the same quarter of 2012. Revenue rose 3 percent to $13.83 billion.
Analysts polled by FactSet expected a profit of 52 cents per share on revenue of $13.72 billion.
Intel supplies chips for the majority of personal computer processors, so the consumer shift away from PCs --and toward tablets and smartphones-- continues to hurt sales. The company has tried to offset the decline with higher sales of chips for servers, phones and tablets.
Intel Corp. also issued a first-quarter revenue outlook roughly in line with analysts' predictions.