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Intel chief executive Paul Otellini predicted today that the company will be shipping a billion chips a year within the next five years. On top of that, revenues and profits are expected to grow at low double-digit rates, or more than double the rate of the past five years.

Otellini made the prediction at the company’s analyst meeting in Santa Clara. He said that he expects the computing market to have a 15 percent to 16 percent compound annual growth rate for the next five years.

Otellini said that the growth will happen on a variety of fronts. Desktops computers will grow a mere 2.4 percent CAGR through 2014. But laptops will grow 22 percent, netbooks will grow 15 percent, and tablet computers will grow 73 percent to 88 percent.

To read the full, original article click on this link: Intel will ship a billion chips a year within five years | VentureBeat

Author: Dean Takahashi