Expects current quarter to be even worse
Chipmaker Intel has reported its Q4 results, and its net profit has dropped 90 percent year on year.
Intel's Q4 net profit was $234 million, on a revenue of $8.2 billion. In Q3, the company reported a net profit of $2 billion and $10.2 billion revenue. Intel expects the current quarter to be even worse, with revenues topping out at around $7 billion.
Compared to last year, Intel's yearly profit slumped 24 percent to $5.3 billion, while its revenues dropped two percent to $37.6 billion.
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