PC makers aren't the only ones struggling to stay afloat in today's weakening PC market; chip makers like Intel also are taking a hit, as demand for their laptop and desktop CPUs continues to wane.
Intel in the third quarter saw revenue for its PC Client Group fall 8 percent year-over-year and said its overall revenue of $13.5 billion was flat compared to the same period in 2011. According to analyst firm IHS iSuppli, Intel will see its annual revenue decline 2.4 percent in 2012, whereas manufacturers of ARM-based chips, such as Qualcomm, are poised for growth. ARM-based processors dominate the smartphone and tablet markets.
Intel CEO Paul Otellini (pictured), who is set to retire in May, admitted in November that the chip maker faces its share of challenges, but reminded investors that the company has a "history of navigating the industry's transitions and emerging better and stronger."