Down marginally YoY on both earnings and revenue, seems the same patern over the past several years. The company is stuck fighting a very mature market and already dominating it to the tune of 90%+, and a move towards mobile computing which it does not dominate.

The problem I see is finding a new high gross margin segment that can move the needle, i.e. a new segment producing revenues of at least $10B with 50% gross margins, IMO

All that said, I am paying a lot of attention on how investors react to the beat on lowered estimates for INTC and many other companies over the next two weeks, when a good portion of the S&P 500 will have reported.  That is in the end what matters.