Intel Chip Shortage Will Hurt PC Sales As Demand Is Expected To Grow This Holiday Season
Intel isn"t making sufficient processor chips to take care of demand. Now this has been going on for some time but the reason it’s making headlines now is because as we near the holiday season, PC sales are expected to jump. Now analysts J.P. Morgan think the Intel situation is going to be a problem. The firm gauges the Intel processor and chipset lack will sting final quarter PC shipments by 5 to 7 percent. According to Gokul Hariharan who is J.P Morgan’s Asia-Pacific technology analyst who spoke to CNBC, "Our conversations with PC vendors indicate that the shortage, which started in small magnitude in 3Q, has been progressively worsening and is likely to have the maximum impact in 4Q18. This drove Intel shares down 0.1 percent on Friday in a sign that there may actually be a shortage by year’s end. He continued by saying "We expect this to affect both notebook and desktop PCs and likely to have a higher impact on commercial and high-end consumer PCs, where using...