(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.
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