Intel (NASDAQ:INTC) showed decent performance in 2016, but the stock is down approximately 3% year to date (YTD). Despite putting in a lot of efforts to diversify its revenue stream, the chip manufacturing giant is still heavily dependent on its client computing business. However, even with a declining PC market, the revenue generated from client computing segment surged 2% in the previous year.
Moving ahead, the future outlook of PC market looks dim which will certainly have a negative impact on the company’s client computing business. Therefore, to overcome this issue, the company is aggressively focusing on several other hottest growth areas such as Internet of Things, Data Center, etc. Continue Reading »