By Darren Allan
Intel has revealed its latest financial results with an impressive picture of growth that beat analyst estimates, although there was one wobbly area, namely desktop chips, where AMD’s Ryzen CPUs have made a clearly visible dent in Intel’s armor.
Overall, Intel raked in revenue of $16.1 billion (around £12.2 billion, AU$21 billion) for Q3 which was up 6% compared to the previous year, with a net income of $4.5 billion (around £3.4 billion, AU$5.9 billion) which represented a strong increase of 34% year-on-year.
And here comes the ‘but’ – desktop chip sales dropped by 6%, and it’s not hard to guess why, particularly when you look at AMD’s third quarter results as we did yesterday.
AMD announced that its computing and graphics group (Ryzen and Radeon) secured revenues of $819 million (around £620 million, AU$1.05 billion), which was up a massive 74% on the previous year.
Meanwhile, Intel’s client computing group (desktop and notebook chips, along with mobile devices, and wireless chips) saw its revenue remain flat, with no growth, whereas all other groups showed strong double-digit revenue growth (except data centers, which was up 7%). The IoT group was up 23% and Intel’s non-volatile memory solutions group shifted up several gears …read more
Source:: techradar.com – Computing Components
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