NEW YORK - Intel reported a record $43.6 billion in sales for 2010 and earnings of 59 cents a share or $3.4 billion. These numbers beat Wall Street expectations
Despite this, Intel stock fell on Friday on an up day for Wall Street. Investors are worried that Intel may be missing out on the smartphone and tablet computers such as Apple's iPad. Apple, meanwhile, uses Intel chips in Mac computers, but its own A4 processor design in the iPad which is designed by ARM Holdings.
Intel is doubling its capital expenditures next year as it begins an ambitious year to win business from many of its competitors in the mobile device market and to keep its lion's share of the PC market.
To see the full Intel Report click here.
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