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Thursday
Jan132011

Intel Earnings Report: 2010 Most Profitable Year in Company's History

Photo Courtesy - Intel Corporation(SAN FRANCISCO) -- Intel predicts that 2011 will be a good financial year after reporting a record-setting 2010.

"2010 was the best year in Intel's history.  We believe that 2011 will be even better," Intel CEO Paul Otellini said in a statement.

Intel Corporation netted $11.7 billion last year, up 167 percent from 2009.  But despite being the world's largest provider of PC processors, the company has yet to gain a competitive advantage in smartphones and tablets -- a trend growing increasingly popular with consumers who desire a more portable means for computing.

The technology company's outlook is optimistic though.  Intel expects to earn revenues of around $11.5 billion in the first quarter alone.

Copyright 2011 ABC News Radio

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