Intel's Q3 profit up thanks to mobile chips

Intel reported an earnings increase of 5 percent for the third quarter, driven largely by its mobile processor sales. Intel's net income was up to $2 billion, compared with $1.91 billion at the same time a year ago. Revenue for the quarter was $9.96 billion, up 18 percent year-over-year. Intel president and CEO Paul Otellini attributed the increase to a strong demand for mobile processors and server processors that sold better than expected. Intel expects fourth quarter revenue of $10.2 billion to $10.8 billion.

For more on Intel's Q3 report:
- take a look at this article from CRN