Intel continuing to ride its wave of success and has posted a 43 % rise in quarterly profit. The third quarter income rose to $1.86 billion, up from $1.30 billion and the overall revenue soared 15 % to $10.1 billion. Intel is very optimistic about the upcoming quarter and expects a revenue growth to $11.1 billion, above analyst expectations of $10.4 billion. AMD was also able to post a “positive” quarterly report. Positive in the sense that it lost less money than expected. AMD focused on increased shipments of laptop chips and increased market shares, but still posted a quarterly loss of $396 million, which adds up to $2.2 billion loss over the last 12 months.
AMD is moving in the right direction though, and doing better than analysts expected. The revenue grew by 23 % to $1.63 billion, shipments increased and a revenue on the rise inflated analysts with good faith once again, but AMD’s goal to break even by the fourth quarter is still not considered a feasible goal. Cost reduction methods have taken effect, but it’s a big step from negative $400M to make ends meet.
