Printed from http://www.electronista.com

AMD forecasts rough period for PC industry

updated 08:02 pm EDT, Fri July 20, 2012

Chip maker sees lower sales as mobile surges

Advanced Micro Devices sees the PC industry entering a rough sector, with no likely recovery in the immediate future. During the conference call for the company's second quarter earnings, AMD CEO Rory Read said that the industry may be resetting to a new and lower baseline with regard to sales. Read attributed the decline to the growing popularity of smartphones and tablets, which are eating up the computing space typically occupied by notebooks and desktops.

AMD saw its revenues drop 10 percent to $1.41 billion for the previous quarter. Weak consumer demand for PCs led the company to forecast a one percent drop in sales, plus or minus three percent, for the third quarter. Historically, AMD's sales have increased around 14 percent from the second quarter to the third.

AMD's forecast is in keeping with trends some have observed with Intel. The world's largest chip maker forecast three to five percent sales growth for the quarter, whereas prior estimates had Intel seeing sales growth in the high single digits. [via CNet]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News