Chip maker AMD saw losses widen in the first calendar quarter as the PC market went through a painful sales drought.
A slump in demand for microprocessors saw quarterly sales sink by 21 per cent to reach $1.18bn, though this was still better than the previously projected result of $978 million.
AMD reported that it lost $416 million during the three months ended March 31st. The California-based company had dropped $364 million during the same period last year.
Though the firm had been stung by heavy losses, it had markedly outperformed previous projections, offering a sign that the PC slump may be in its final days. Last week, Intel CEO Paul Otellini claimed that PC sales had "bottomed out", and that the market will climb back up.
AMD, however, was not so optimistic. "I've heard some say we've hit bottom," said Dirk Meyer, company CEO. "I don't know how someone could say we've hit bottom in the current economic climate."
This story originally appeared on PC Retail's sister site MCV.
Advertisement
Related Stories
- AMD sets out future strategy - it's all about the mainstream Feb 3rd 2012 at 7:32AM
- AMD's Trinity to compete with Intel's ultrabooks Jan 17th 2012 at 6:27AM
- AMD Radeon 7970 goes on sale Jan 10th 2012 at 5:38AM
- World's largest OEM notebook maker sues AMD over hot chips Jan 6th 2012 at 6:07AM
- AMD introduces 'world's fastest' Radeon HD 7970 Dec 22nd 2011 at 6:26AM
- AMD boosts Llano APU range Dec 21st 2011 at 6:26AM
- Microsoft yanks AMD Bulldozer hotfix Dec 19th 2011 at 7:08AM
- Windows hotfix for AMD Bulldozer CPUs Dec 16th 2011 at 7:25AM
- Ultrabook-like AMD notebooks to arrive in January? Dec 12th 2011 at 6:27AM
- Zalman to enter graphics market Dec 9th 2011 at 4:53AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!