SAN FRANCISCO (AP) — The changing face of the computer industry was on display Wednesday as two companies representing the old guard and the new issued strong results for the latest quarter.
Intel, a bedrock of the PC business, and Qualcomm, a vanguard in mobile computing, showed how companies at opposite ends of the computing spectrum are adapting to a market that’s in intense upheaval.
The U.S. and European PC markets have slumped: Fewer people are buying new PCs because of economic anxiety, market saturation and the rise of seductive new gadgets such as Apple’s iPad.
So Intel, which helped create the PC industry three decades ago, is counting on other areas for growth.
The world’s No. 1 maker of PC processors benefited from healthy demand from corporations and in emerging markets. It also rode the popularity of smartphones and tablet computers by selling the chips powering additional servers needed to handle the increased mobile traffic.
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