Big guns see profits plunge

Two of the US computer industry's big guns have reported dramatically lower earnings.

Two of the US computer industry’s big guns have reported dramatically lower earnings.

Intel’s second-quarter net income was down 76% from a year ago, as the company continues to grapple with slowing PC sales and pricing pressure in the market for PC microprocessors.

Net income for the quarter, which ended June 30, was $US854 million, down from $US3.5 billion a year ago.

Apple, meantime – about the only computer maker that doesn’t use Intel processors – has seen its net income plunge by more than two-thirds to about $US61 million in the same period, on revenue down by 20%, to $US1.47 billion.

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