Industry News
Intel posts $2.3 billion profit, PC shipments up 24%
Intel's fourth-quarter performance exceeded expectations, with the company recording a $2.3 billion profit ($0.40 per share), up nearly 10-fold from the same period in 2008. Analysts predicted earnings of $0.30 per share. Quarterly sales totaled $10.6 billion, a 28% increase from a year ago, topping the forecasted $10.2 billion.
For the entire year, Intel posted a $4.4 billion profit ($0.77 per share), on revenue of $35.1 billion, which compares to 2008's earnings of $5.3 billion ($0.92 per share) on revenue of $37.6 billion. According to Thomas Weisel Partners analyst Kevin Cassidy, Intel's Atom carried the company through the year. It was also noted that the chipmaker is confident about upcoming corporate IT spending.
On a semi-related note, the computer industry as a whole rebounded. According to IDC, the PC market grew 24% on-year during the fourth quarter, establishing a new record of nearly 20.7 million units shipped. Vendors across the board witnessed gains, including HP, Acer, Dell, Lenovo and Toshiba.
For the entire year, Intel posted a $4.4 billion profit ($0.77 per share), on revenue of $35.1 billion, which compares to 2008's earnings of $5.3 billion ($0.92 per share) on revenue of $37.6 billion. According to Thomas Weisel Partners analyst Kevin Cassidy, Intel's Atom carried the company through the year. It was also noted that the chipmaker is confident about upcoming corporate IT spending.
On a semi-related note, the computer industry as a whole rebounded. According to IDC, the PC market grew 24% on-year during the fourth quarter, establishing a new record of nearly 20.7 million units shipped. Vendors across the board witnessed gains, including HP, Acer, Dell, Lenovo and Toshiba.
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User Comments (6)
Post a comment| TomSEA on January 14, 2010 5:10 PM | Good news! So much for all the doom and gloom forecasts the "experts" were predicting about low PC sales lasting forever. |
| dividebyzero on January 14, 2010 5:57 PM | The consumer giveth, and the FTC shall taketh away... [link] [link] |
| fastvince on January 14, 2010 8:52 PM | I am not seeing this at my company. They are not buying anything. |
| alexandrionel on January 15, 2010 12:10 PM | How is the 1.something billion dollars that Intel must give to AMD affecting them? |
| compdata on January 15, 2010 12:22 PM | Not surprising with all the new chip releases, along with Win 7 and how popular they are proving to be. |
| dividebyzero on January 15, 2010 2:03 PM | How is the 1.something billion dollars that Intel must give to AMD affecting them? You know how you search through you pockets looking for a coin for the parking meter and finally find one right at the bottom of your pants pocket and it's got bits of lint on it?, Well the lint represents the $US1.25bn settlement figure.The cash will however keep AMD's head above water for a little longer. |
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