Operator
The next question comes from Jim Covello from Goldman Sachs.
Jim Covello, Goldman Sachs
Hi Guys. Thanks so much for taking the question. First question, Stacy, I see the CAPEX is shifting around a little bit. Anything significant there, or are you just able to find a little bit of the ability to save some money?
Stacy Smith, Chief Financial Officer
Yeah, you know, I would term it as a fairly significant reduction in CAPEX for 2014. We brought down and we brought the CAPEX for 2015 down to the bottom of the range. It’s a variety of things when we look at the savings we had in 2014. About half of it was due to call it basic blocking and tackling. We were able to negotiate some lower pricing. We had some non-capacity related projects that we were able to push out of the year. We are always looking for those opportunities and I think the manufacturing organization did a great job of finding them.
Then about half of it is, as we progressed over the course of 2014, we learned a couple of things: one is our confidence in yields and our yield forecast went up. That’s what we showed you in the November investor meeting. Secondly, the manufacturing organization demonstrated the ability to start up factories more quickly than we had assumed at the beginning of the year. The combination of that allowed us to shift out the third HVM 14-nanometer factory that starts up now, kind of mid 2015, out by two to three months. That doesn’t sound like a lot, but given how capital intensive those factories are, that actually gives us a much more capital efficient ramp, and we’re able to generate some savings as a result of it.
Jim Covello, Goldman Sachs
Helpful. Thank you. And as a follow-up, Brian, could you, just on the highest level maybe, give us a sense of how you think the PC market stands today entering 2015, compared to how it was entering 2014? Some of the ODM data would suggest we exited 2014 a little weaker, but that may just be a function of that weak October that Stacy had mentioned in terms of the linearity and things. Maybe it really is more similar than we thought, even though the quarterly data isn’t quite as good in 2014 as it was in 2013. Maybe if you could offer your perspective there, thank you.
Brian Krzanich, Chief Executive Officer
Yeah. I’m not sure of all your statistics you threw out there, Jim, but let me just give you our view of the PC market. I think when we look at Q-4, and then again, as you look at 2014 overall, it was very strong, we played out exactly as we forecasted and predicted, and Q-4 ended up being very much a seasonal quarter. We saw demand in the more mature markets, stronger, especially on the consumer side than in the emerging markets. As Stacy mentioned, our inventories, as we exit Q-4, we are very comfortable with where the inventories are. So, remember as we exited Q-3 and entered Q-4, there was some concern there might have been a little inventory, we feel like we’ve burned that off through the system, especially a lot of that was down at the low end. As we exit Q-4, we’re very comfortable with the inventory.
For me, as I look out into now 2015, I look at it and say, okay, we’ve got Core M, which has just really hit the market as we entered into the holiday season. You saw great thin fan-less two in one devices at all price points, that I believe will stimulate usage there. We’ve got the Broadwell U, which is the first of really the high volume Broadwells, just hitting the market. We’ve got something, a dozen systems in Q-1 that will be coming out on Broadwell. You saw us introduce RealSense at CES. We have, I think seven or eight systems in the 1st Quarter coming out with RealSense and that combination. So I look at the amount of innovation, all of the OS’s we are on, and the availability and really optionality a consumer has for an OS or an enterprise, and the price points. You’ve got PCs from Chromebooks down to $199, Windows systems $249 all the way up from there to the real innovative systems like Sprout. I look at it and say that the innovation and the options in the PC market have never been better, so I’m feeling pretty good about where we are in the PC market.
If you remember, our forecast is based, even still on flat units, and a slight decrease in ASP. So. We are still, even though I’ve told you all of this innovation and there’s that, we still have been relatively conservative, and said that it’s a flat unit year, and a slight decline even in ASPs, given that.
Stacy Smith, Chief Financial Officer
If I can just emphasize one point on Q4 – I think we characterized it as pretty normal from the in demand standpoint. We under-shipped demand some in Q-4, so, there was an inventory burn. What we now think happened as we look back is there was a bit of inventory, particularly Bay Trail, lower end systems when we started the quarter, that led to some weakness in the first few weeks, and then it caught back up as we worked our way through the quarter and burned through that inventory, and then we saw it behave a bit more normally from a shipment pattern.
Jim Covello, Goldman Sachs
Really helpful, guys. Thanks so much, and good luck.
Operator
The next question comes from David Wong from Wells Fargo.
David Wong, Wells Fargo
Thanks very much. You talked about blocking and tackling to bring down CAPEX. But you are $10 billion 2014 CAPEX and then your 2015 plan is almost $1 billion below. $10.7 billion to $11 billion in every year from 2011 to 2013 – are you actually on a permanently higher level of capital efficiency? And if that’s the case, what would your long term CAPEX as a percent of revenue be?
Stacy Smith, Chief Financial Officer
I’ll say, David, the fact that we were at $10 billion in 2014 and we’re at $10 billion in 2015 doesn’t change my long term view. If you think about what I showed in the investor meeting, I showed that we have kind of been between $10 billion and $11 billion, we’re at the low end of that for a couple of years. I still think that’s the right range for us. Within that, two-thirds to three-quarters is manufacturing capacity related, and then the rest is non-manufacturing CAPEX.
David Wong, Wells Fargo
Okay, great. And when do you expect to offer 10-nanometer capability to foundry customers?
Brian Krzanich, Chief Executive Officer
We are timing on 10-nanometers. I’m not going to come out with when we will be introducing our 10-nanometer to the marketplace in general, probably until the end of this year, so we’ll give – as we go through the year, probably by the investor meeting in November – we’ll give you an outlook on how and what timing is for 10-nanometers.
David Wong, Wells Fargo
Thanks very much.
