Intel's CEO Expects Company Sales to Reach $54 Billion for 2012

During the recently held Consumer Electronic Show, Intel's chief executive officer Paul Otellini provided some info about the company's expected sales for 2012.

In an interview with Fox Business, the CEO said that sales figures for 2012 could reach $54 billion which is in line of average estimates made by analysts at $53.9 billion.

The interview focused on various forthcoming products such as smartphones and Ultrabooks powered by Intel's own chips.

Toward the end of the interview, Otellini commented that 2012 will be great for the company by saying, "Any way you look at it, this will be the best year in Intel's history."

About the expected earnings, he mentioned the chip maker will "probably get $54 billion of revenue," reports Bloomberg.

Intel always keeps a low profile and makes predictions only after knowing things fully well, so if the CEO is using the word "probably" it could simply mean "will be." At the same time, he also confirmed the company is not preparing for any investor call or press conference.

Even though the company is facing stiff competition from ARM, it seems there are a lot of positive things that will happen to Intel this year.