Intel Forecasts Revenue Growth in 2016

Leading chipmaker Intel forecast that its revenues will increase by a mid-to-high single digit percentage in 2016, following the recent acquisition of Altera, which posted revenues of 1.7 billion dollars in 2013. In 2015, Intel's revenues fell 1% to 55.4 billion US dollars. Intel said revenue in its Internet of Things group rose 7% to 2.3 billion dollars. However, revenue in its client computing group, which supplies chips for PCs and tablets, fell 8% to 32.2 billion dollars in 2015. Source: Intel statement