"Despite our best efforts, we have not yet resolved this challenge," Michelle Johnston Holthaus, executive vice president of Intel's sales, marketing and communications group, wrote inOn Tuesday Dell issued new, lower revenue guidance for its 2020 fiscal year, which will end on January 31, 2020. The $91.5 billion to $92.2 billion forecast came in below the $93.54 billion consensus estimate among analysts polled by Refinitiv. The high end of the range was $2.
"The reduction of the range is principally due to the Intel supply dynamic," Tom Sweet, Dell's finance chief, told analysts on a conference call.on Tuesday, but its chief financial officer, Steve Fieler, said on a conference call that Intel's situation could affect HP's revenue, even if the results would be less pronounced on the bottom line as people opt for more profitable products.
The timing of Intel's supply struggles is not ideal. Technology research firm Gartner estimated that PC shipments increased on an annualized basis in the
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