Weak Desktop Sales Impact Intel's Q1'15 Earnings, Data Center, IoT & NAND See Double Digit Growth

In addition to lower PC shipments, the challenging macroeconomic conditions and an appreciating U.S. dollar weighed on Intel's business and important geographic markets. However, the company continued to see double-digit growth in its data center, Internet-of-Things (IoT) and the NAND businesses. In Q1 2015, the data center, IoT and NAND businesses accounted for approximately 40% of Intel's total revenue and two-thirds of its overall operating profit. Innovating in its client business, improving...