Intel steps up mobile efforts as profits drop

Intel’s profits slipped 29% year-on-year, as the firm said it would focus on its Core and Atom processors – the latter of which are designed for devices like tablets and smartphones.

For its second quarter, profits came in at US$2 billion, compared to US$2.8 billion a year earlier. Revenue also dipped 5% year-on-year to US$12.8 billion, compared to US$13.5 billion in Q2 2012.

Commenting on the results, recently appointed CEO Brian Krzanich said: “In my first two months as CEO, I have listened to a wide variety of views about Intel and our industry from customers, employees and my leadership team and I am more confident than ever about our opportunity as a company.”

“Looking ahead, the market will continue buying a wide range of computing products. Atom and Core processors and increased SOC [system on a chip] integration will be Intel’s future. We will leave no computing opportunity untapped. To embrace these opportunities, I’ve made it Intel’s highest priority to create the best products for the fast growing ultra-mobile market segment.”

No mention was made in its earnings of Intel’s much anticipated TV service, which is expected to launch later this year.