Intel's results beat market expectations

Intel product on sale
Image caption Intel said it expected future sale to remain solid

Intel's latest results have beaten market expectations, thanks to "solid demand" for its microchips.

The firm's net profits in the three months to 25 September totalled $2.96bn (£1.9bn), a 59% increase on the same period a year ago.

The first major technology company to report its third quarter figures, its revenues advanced 18% to $11.1bn.

Intel said: "Looking forward, we continue to see healthy worldwide demand for computing products."

The company warned at the end of August that sales of microchips were weak, but they appear to have recovered since then.

Intel's processors run 80% of the world's computers.

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