Intel's revenue misses estimates as PC slump weighs

Sales from Intel's traditional PC business, which also includes chips for mobile phones and tablets, declined 3 percent to $7.3 billion in the second quarter. Santa Clara, California-based Intel has been focusing on its higher-margin data center business as it looks to reduce its dependence on the slowing PC market that it once helped create. Revenue from the company's data center business rose 5 percent to $4 billion from a year earlier and accounted for 30 percent of total revenue.