The PC market has been in trouble for ages, but last year took the biscuit. Shipments dropped below 300 million for the first time since 2008, and IDC declared it the worst year in history. That explains a lot about what happened at Intel this week.
The chip maker has been reducing its dependency on PCs for some time, preferring to focus on its more successful data center business. But the announcement that it would lay off 12,000 people is a sign that Intel is finally turning a corner.