Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 22 January 2014 13:21

AMD does well in the short term

Written by Nick Farrell

But outlook is bleak

AMD has reported a profit for the fourth quarter, thanks largely to the sale of its chips in Microsoft and Sony’s game consoles. However AMD’s forecast for the current quarter was disappointing and investors pushed its shares 10 percent lower after the results came out.

The chipmaker’s profit for the quarter was $89 million, compared to a loss of $473 million a year earlier. It is the outfit’s second profitable quarter in a row after a string of losses. Revenue climbed 38 percent to $1.59 billion, AMD said. Both the revenue figure and its earnings on a pro forma basis beat the expectations of Wall Street.

The gains came mainly from AMD’s Graphics and Visual Solutions segment, which sells semi-custom chips that are used in products including Sony’s PlayStation 4 and Microsoft’s Xbox One. Combined, the two consoles have sold more than 7 million units in less than two months. That helped lift its graphics revenue by 165 percent, or more than double, to $865 million. Average selling prices for AMD’s GPUs also increased from a year earlier, the company said, thanks to its new R7 and R9 Radeon graphics cards.

The business unit that sells CPUs for PCs and servers was rubbish. Sales were down 13 percent year over year, continuing a pattern from the past six quarters.

President and CEO Rory Read said AMD was hit by slower sales of consumer notebooks, a market where it traditionally does well but that’s being eaten up by tablets. Read claimed that some parts of the PC market may be stabilizing, but AMD still expects the PC market to be down 10 percent in 2014.

 

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments