14 DAY TRIAL // For once, Intel didn't post any sort of momentous, record financial breakthroughs, although it didn't exactly lose any money in the second quarter of the year either. Here's how things are.
Intel's revenue during the April-June period ended up at $12.8 billion, which corresponds to €9.78 billion, give or take.
On that note, the profit was of $2 billion, which translates into €1.53 billion, according to current exchange rates.
Obviously, those numbers are high, which is why some may find it hard to believe that they are actually indicative of mixed results.
Year-over-year, revenues dropped quite a bit for core division, like the PC Client Group, which lives off processor sales. The decline was of 7.5% there.
On the same note, the Other Intel Architecture Group, which despite its name is primarily concerned with mobile chips, saw sales sliding down by 15%.
"In the second quarter, we delivered on our quarterly outlook and made several key product announcements," said Intel CEO Brian Krzanich.
"In my first two months as CEO, I have listened to a wide variety of views about Intel and our industry from customers, employees and my leadership team and I am more confident than ever about our opportunity as a company."
There hasn't been an explanation for the shipment drop, but one can advance theories. Clearly, the rough PC market conditions are to blame, at least in part, as is the fact that the Haswell CPU architecture only came out near the end of Q2.
Early Haswell customers have been showing "strong acceptance" of the fourth-generation Core-series chips, Intel claims, but that hasn't helped much, although it did let Intel risk hoping for the best for Q3.
"Looking ahead, the market will continue buying a wide range of computing products," added Krzanich.
"Intel Atom and Core processors and increased SOC integration will be Intel's future. We will leave no computing opportunity untapped. To embrace these opportunities, I've made it Intel's highest priority to create the best products for the fast growing ultra-mobile market segment."