14 DAY TRIAL // Advanced Micro Devices may have managed to squeeze some profits during the second quarter, but there is no denying the fact that things went worse than feared.
AMD said so itself, in the same press release where it provided its financial situation. Apparently, it isn't really anyone's fault specifically. Instead, the global economic activity is dragging its feet and having a negative impact on the PC front.
The company's leader draws attention to the downturn evolution of the personal computer market over the past nine months.
“It is clear that global economic activity is slowing, and this is impacting the PC market. For the first time since 2001, client PC shipments have declined sequentially for three consecutive quarters and have been below historical averages for the last seven quarters,” said Rory Read, chief executive officer of AMD, during the conference call with financial analysts.
Intel doesn't seem to be suffering from this phenomenon all that much.
That's not enough to prove AMD's conclusion wrong on its own though. We'll have to wait and see how things fare during Q4 to draw a real conclusion, after Microsoft launches Windows 8.