Intel saw less success in its Internet of Things business, which the company is trying to establish as its next major area of growth via standards. At CES, Intel launched "Curie," an embedded chip that's small enough to fit inside a coat button. But the business only pulled in $591 million of revenue--though that was up 10 percent from a year ago.
Intel's other businesses fared worse. Intel's software business pulled in $557 million, down 6 percent, and its struggling Mobile and Communications Group actually reported negative revenue of $6 million.
Intel will hold a conference call later this afternoon to answer questions from analysts. The company forecast first-quarter revenue of $13.7 billion, plus or minus $500 million, down 7 percent from the fourth quarter.
Why this matters: Intel's forced to ride the wave of the PC market, up and down. But though the company's communications and IoT businesses are struggling to get off the ground, the dominance Intel has in servers can fund the emerging businesses--and Intel can still report record revenues.
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