Intel "stuffed the channel" causing CPU sales collapse
 

The firm said in a note to its clients that Intel processor prices fell 40 per cent year on year in April, with volumes dropping by 21 per cent. That leads Handelsbanken to the view that Intel will deliver another profit warning, guiding Q2 sales to $7.9 billion, versus a consensus figure of $8.4 billion.

Average selling prices fell from $109 in March to $52 in April and were down 40 per cent year on year, said the firm. That had an effect on computer and peripheral logic sales.