Chipmaker giant Intel reported the firm's best ever quarterly revenue of $11.1 billion US despite fears of a slowdown in PC sales and the slump in the netbook category.
The company reported operating income for the third quarter of $4.1 billion and a net income of $3.0 billion. Reflecting the slump in netbook sales, the firm's revenue from the Atom CPU and chipset business fell 4 per cent but the company maintained the average selling price of CPUs for the quarter and surprisingly upped it significantly year-on-year.
“Intel’s third-quarter results set all-time records for revenue and operating income,” said Intel boss Paul Otellini. “These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets."
The company spent $3.2 billion on R&D and is looking to 2011 to roll out the new Sandy Bridge products into the desktop market as well as ongoing attempts to convince tablet and smartphone manufacturers to use the company's products, to that end it has been collaborating with Nokia on the MeeGo OS and porting Google's Android to the x386 instruction set.
"Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems," said Otellini.