Printed from http://www.electronista.com

Intel posts record summer despite PC worries, netbook slump

updated 05:35 pm EDT, Tue October 12, 2010

Intel makes record 11 billion in revenue in summer

Intel this evening reported its best ever quarter. In spite of warnings of a slowdown, its revenue reached an all-time high of $11.1 billion. Its operating income reached a similar high of $4.1 billion, although its net income was a more modest $3 billion.

The results reflected a further shift back towards regular computers and away from netbooks. Intel's traditional PC group saw its revenue up three percent after getting a record revenue from notebook processors; Xeon processors for servers saw a similar jump. The Atom chip and chipset group, however, saw its revenue drop four percent at the same time. Average chip prices were up "significantly" compared to summer last year, while the revenue for chips as a whole was up 25 percent due to higher prices.

Cautious optimism also dictated the company's expectations for the fall, where it expected revenue to climb slightly to $11.4 billion. The help would come from early shipments of its Sandy Bridge processors before they go on sale. It was hopeful for a bounce back for Atom but focused mostly on Google TV devices like the Logitech Revue and the Sony Bravia GT1 rather than netbooks.

The company didn't immediately discuss the suspected iPad cannibalization of PC sales but did admit there was "softness" in computer sales in the US and Western Europe, both main areas for iPad sales.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News