Reported third-quarter earnings were $ 4.3 billion, up from $ 5.99 billion a year ago. Revenue then fell from $ 19.19 billion last year to $ 18.3 billion this year.
Intel’s revenue from the memory division fell 11 percent to $ 1.2 billion. But also in the Internet of Things segment. There, sales even fell 33 percent to $ 677 million. Intel estimates revenue of $ 17.4 billion for the last quarter of this year.
It’s worth noting that Intel shares at the end of January attacked prices of almost $ 70 apiece, but gradually fell and are currently trading slightly below $ 50 per share.
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“2020, with a global pandemic, geopolitical tensions and social unrest, was the most challenging of my career,” said for MarketWatch Intel chief Bob Swan. This is followed by the competition in the form of AMD, but also Nvidia. Earlier, for example, Apple, which has worked with Intel before, announced a plan to develop its own microchips that will run the brand’s hardware with the apple in the emblem.
Competitive AMD has risen to $ 90 a share since the beginning of the year at a price of $ 48 per share, currently its shares oscillate around the price of $ 80 apiece. AMD growth caused both favorable financial results and the success of the Ryzen product line, as well as delays in the launch of Intel’s new processors. This is another problem of the hitherto unquestionable market leader.
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Nvidia was again driven up by the demand for graphics chips. Ambition was also shown by the announced intention to buy from the Japanese group Softbank for $ 40 billion British Arm.
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