Intel's results have fallen short of market expectations
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Intel's latest quarterly results have failed to meet market expectations, despite a 25% jump in profit.
Net fourth-quarter profit at the world's largest microchip-maker was $2.5bn (£1.4bn), up from $2.1bn for the same period a year earlier.
Wall Street had expected better, but Intel was hit by weaker-than-expected growth in demand for its processors.
Revenues were also below what the markets expected, rising to $10.2bn - 6% higher than 12 months previously.
More competition
Analysts had predicted that Intel's fourth-quarter revenues would top $10.56bn.
Intel's computer chips are used in some 90% of the world's computers, and earlier this week it signed a deal to start supplying Apple.
Yet at the same time the firm has been hit by increased competition from rival Advanced Micro Devices (AMD).
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