(Reuters) – Advanced Micro Devices Inc forecast lower quarterly revenue as a shortage of hard drives and a shaky economy hurt PC makers, sending its shares lower in after-hours trading. The PC chipmaker’s fourth-quarter adjusted earnings beat expectations, but revenue for the quarter just ended and revenue projections for the current quarter came in a bit below many analysts’ expectations. Like larger rival Intel Corp, AMD has been wrestling with slow demand for chips as consumers increasingly buy Apple Inc’s iPad instead of laptops. …

Quoted from Chipmaker AMD expects lower revenue in weak PC market on Gadgets News Headlines – Yahoo! News

Advanced Micro Devices Inc forecast lower quarterly revenue as a shortage of hard drives and a shaky economy hurt PC makers, sending its shares lower in after-hours trading. Dogged by concerns the PC chipmaker is being left behind in the fast-growing mobile market, shares of AMD have fallen about 13 percent over the past year. Dogged by concerns the PC is being left behind in the fast-growing mobile market, shares of have fallen about 13 percent over the past year. said revenue in the fourth quarter rose AMD expects lower revenue. - revenue in weak PC market Quote (Reuters) - Advanced Micro Devices Inc forecast quarterly revenue as a shortage of hard drives and a shaky economy hurt PC makers, sending its Tags: expects, lower, revenue, computer, 15 per cent . first-quarter revenue to be about 15 per cent below the fourth-quarter figure of $1.24 billion. Advanced Micro Devices () forecast quarterly revenue as a shortage of hard drives and a shaky economy hurt PC makers, sending its shares in after-hours trading. The PC 's the decline to be driven by “ graphics sales due to excess channel inventory, the absence of blockchain-related GPU revenue and memory sales”.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.