Intel brings in record $2.9 billion profit
By Wilson • Jul 14th, 2010 • Category: Industry News
- Photo: Intel
Micro processing chip Intel has just had a record quarter, bringing in more revenue and more profit than ever before, even amidst concerns about its efforts in the smartphones market.
Pretty numbers
The company had profits of $2.9 billion off $10.8 billion in revenues. That represents an incredible profit increase of $445 million over what they achieved last quarter, as well as an enormous $3.3 billion from this same period last year.
Growth drivers?
What has driven this growth, you wonder? Oh, how about those millions of Intel Core i3, Intel Core i5 and Intel Core i7 chips we mention week in and week out, considering they’re in virtually every laptop released? Add to that the Intel N-series of chips found in netbooks, like the ubiquitous Intel N400 and the fast proliferating Intel N450, and it begins to make sense how the company is performing so well. Growth in the server market has also contributed greatly to Intel’s recent fortunes.
- Photo: Stock.Xchng
The most important indicator for this performance is the burgeoning demand for and sales of computers worldwide, with global PC shipments showing strong growth. With Intel’s business directly tied to that, effectively, the more PCs are sold in general, the more money Intel makes.
Cause for concern
Intel’s business does have one or two blind spots, if you will, with many analysts and investors concerned about their inevitable move into the smartphone and tablets markets. Sure, the company has a deal with Nokia through their shared MeeGo platform, but even in that realm there is some confusion and Nokia’s smartphone prospects haven’t been great, either. To add to their woes, the successes of the Intel Core i3, Intel Core i5, and the Intel Core i7 on PCs are replicated by other companies like ARM on smartphones.
Even then, kudos to Intel and their success. Click on the links provided to see what kind of hardware the Intel Core i3, Intel Core i5 and the Intel Core i7 are powering.
Tags for this article: intel, intel core
