The downturn in the PC market also gripped the chip company AMD. In the last quarter, sales fell 9 percent year over year to $5.35 billion. The decline in personal computer chip trade was particularly strong, falling 65 percent to $739 million. However, sales of chips for data centers remained stable at around $1.3 billion, AMD announced.
The bottom line was a loss of $139 million after being in the black from $786 million in the same quarter last year. AMD outperformed larger rival Intel, which posted a quarterly loss of $2.8 billion last quarter. Intel revenue fell 36 percent year over year to $11.7 billion.
After the boom at the start of the pandemic, the PC market is currently in decline. However, the industry expects an improvement in the second half of the year. AMD disappointed the stock market with a revenue forecast of about $ 5.3 billion for the current quarter. The stock fell more than 4 percent in aftermarket trading.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
