The PC is dying, but very, very slowly

NEW YORK (CNNMoney) -- The trend is clear: Personal computer sales are slumping, and smartphone and tablet sales are booming. But Intel proved late Tuesday that the PC isn't going away anytime soon.

Semiconductor sales in Intel's (INTC, Fortune 500) PC division rose 22% last quarter, driving Intel's overall revenue to its sixth consecutive quarterly record. That comes despite a lackluster PC sales environment: Overall PC shipments grew just 3.2% globally last quarter, which is well below seasonal averages, according to Gartner.   More