In light of the economic crisis we are in right now, Intel has slashed the price of their Intel Chips by 50%. Apparently, sales has not been that good for the giant chip manufacturer and to help get rid of these chips which may stock up and remain unsold, offering them at an almost sacrificial sale seems to be the feasible way to go.
Also, affordability has become an issue. People are shying away from spending too much in light of the economic gloom. People are wary about their current means of income, whether it be from employment or business. In short, people are just becoming apprehensive in spending.
Computers for one can wait. Most of us have our old desktops at home and for as long as the credit crunch is wandering around, making do with them is perhaps the sanest thing to do right now.
With those factors in mind, you have to wonder why Intel would go to as much as offering a 50% slash in prices. That is quite a sale and perhaps some sort of demand for them could possibly be rekindled.
The price of Celeron 570 processors, designed for laptops, dropped 48 percent to USD 70 whereas one of the company’s quad-core desktop-computer models, Q9650 that have four processors on one piece of silicon, dropped 40 percent to USD 316.
“The economy and the industry are in the process of resetting to a new baseline from which growth will resume,” said Intel president and chief executive Paul Otellini on announcing the results.