The Celeron brand has been used by Intel for several distinct ranges of x86 CPUs targeted at budget personal computers. Celeron processors can run all IA-32 computer programs, but their performance is somewhat lower when compared to similar CPUs with higher-priced Intel CPU brands. For example, the Celeron brand will often have less cache memory, or have advanced features purposely disabled. These missing features have had a variable impact on performance. In some cases, the effect was significant and in other cases the differences were relatively minor. Many of the Celeron designs have achieved a very high bang for the buck, while at other times, the performance difference has been noticeable. This has been the primary justification for the higher cost of other Intel CPU brands versus the Celeron range.

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Source[ Wikipedia ]