Intel Q2 earnings down 70%; still better than market expectation

According to the earnings announcement from global biggest chip marker Intel, deducting special items, the profit shed 76% from the same period last year to hit US$854 mln and per share earnings stood at 12 US cents. The turnover dropped 24% to US$6.3 bln. The decline in profit was mainly caused by the slowdown in the PC sales and the price-cut pressure from the competitor AMD.

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