Intel Expects Lower Q4 Revenue Due To Supply Shortage
Intel today announced that the companys fourth-quarter results are expected to be below the companys previous outlook due to hard disk drive supply shortages.
The company now expects fourth-quarter revenue to be $13.7 billion, plus or minus $300 million, on both a GAAP and non-GAAP basis, lower than the previous expectation of $14.7 billion, plus or minus $500 million.