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Intel profit falls as PC slump continues

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Intel’s revenue and profit both dropped last quarter as people held off on buying new PCs ahead of the Windows 10 launch later this year.

Revenue from Intel’s Client Computing Group, which sells processors for desktops, laptops and smartphones, fell 14 percent from this time last year to $7.5 billion, the chip maker said Wednesday.

Its Data Center Group, which makes the Xeon server processors, performed better, but not well enough to offset the ongoing slump in the PC industry.

Intel’s total revenue for the quarter ended June 27 was $13.2 billion, down 5 percent from a year earlier. Net income was $2.7 billion, down 3 percent.

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