Dallas, Texas 07/10/2015 (Financialstrend) – Intel Corporation (NASDAQ:INTC), the chip maker with an edge over behemoth blue chip companies, is faltering at the stock markets. The company has reported fall of nearly 1.93% in its latest trading session, indicating not all is right with the chip maker.
Intel Corporation stock trends, in the past month have been contrary to latest analyst reports. Research notes and analysts opine that the chipmaker is likely to beat estimated earnings for the quarter.
The company is scheduled to report on July 15, 2015.
Experts believe the fall in Intel’s share price is indicative of the decline in the market share for desktops and Personal computers. Considering Intel Corporation (NASDAQ:INTC) is dependent on the PC industry, its recent performance has been much woebegone than expected.
However, Intel has been attempting to change course and enter other segments of the chip market, such as tablet processors. In January the company noted that its erstwhile Cherry Trail processor will include better graphics performing features and see better integration. These would a generation ahead of its Bay Trail tablet processors the company had noted. One of the notable users of Cherry Trail is Microsoft Corporation’s (NASDAQ:MSFT) Surface 3 tablet. However, this chip is not in use on any other vendor made tablets.
However, industry media reports, namely DigiTimes Research noted that soon many of the non-branded tablet vendors would be selling Windows 10 tablets running on BayTrail processors. Apparently, Cherry Trail will be available only by September, in low-cost alternatives.
Therefore, the likely growth in the market for Intel Corporation (NASDAQ:INTC) products is regarded as an upside by most analysts. Intel has in the past ten quarters beaten five consecutive earnings estimates. Hence, analysts predict that the chipmaker will post an earnings report for this quarter, which is likely to beat industry estimates.
