Down 28 percent, partly from economic slowdown in China

Earlier today, we mentioned that AMD was expected to report revenues for Q4 2015 with at least a 10 percent revenue decline as the chip maker struggles to turn its profits around. This afternoon, the company reported its fourth quarter 2015 and fiscal year 2015 revenue earnings results, showing a 23 percent revenue decline from lower sales of CPUs, lower demand for GPUs used in game consoles, and an economic slowdown in China.