And you thought that the PC industry had one foot in the grave. Intel has just had the best quarter in the 42 years in which it has existed. They generated US$10.2 billion in revenue and they earned US$2.9 billion. If Intel is doing this well, I think we have reconsider our verdict about the PC industry dying and all.
Of course, it isn’t like Apple did not have a part to play in this. They have been selling a lot of Macs lately and all of them use Intel chips. However, that would only be a small part of the total Intel bounty. The whole Atom market definitely had another part to play but then it is a known fact that that is not a very profitable market.
So it stands to reason that Intel’s main chips, like the Core i3, Core i5 and core i7, are selling in great numbers. And it is possible that the last quarter was particularly good for Intel because a manufacturers upgraded en masse to the new Intel processors, including Apple and big manufacturers like Dell, Lenovo and Toshiba.
Also, Intel is apparently selling a lot of the mainstream powerhouse processors all throughout the globe. Global recession notwithstanding. CEO Paul Otellini highlighted the PC and Server segments as being particularly healthy and said that the demand for cutting edge technology will continue to increase in the near future. Way to satisfy the shareholders Paul.
Year-over-year revenue is up by 34% and net income is up by a mind-boggling 174%. For a company as big and as old as Intel, that much increase in income is amazing. But then last year was bad for everybody and Intel also took a lot of beating thanks to tectonic shifts in the market.
The Atom microprocessor and chipset revenue was US$413 million, which is a 16% sequential increase. Intel had spent US$3.25 billion on R&D and mergers and acquisitions (M&A). Intel had a net gain of US$204 million from equity investments, which is US$25 million more than what was expected. Intel’s revenue forecast for for this quarter is US$11.6 billion.
However, Intel’s success and rise is counter-intuitive, given the generally wide disarray the rest of the industry is in. This success story is in no way to be expected from everyone else. Even though certain segments, like the mobile and handheld indutries, are doing quite well; the general story is that revenues are down and growth is negative.
It will be interesting to see whether Intel can keep up this amount of growth, now that most of the upgrades are through with. Everyone has finished upgrading their lines and the consumers have already made their purchases. Intel has no new product line to start selling at the moment, having just upgraded their processors. Atom might see a small surge but that is a very small part of the revenue.
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