Hot off the heels of a slightly disappointing Q2, mega chip-maker Intel’s Q3 results are in. Good old Chipzilla managed to wrangle $13.5 billion in revenues with a net profit of $3 billion. While Intel’s latest figures reflect a profit of about 5.1 percent sequentially, the company is still taking a dip year over year of around 19 percent. “Our third-quarter results reflected a continuing tough economic environment,” said Paul Otellini, Intel’s CEO. Happy to take progress in any form during a trying economy, the company’s fourth quarter strategy will highly focus on the success of ultrabooks, phones and Intel-powered tablets. While its recent gains may be somewhat slim, last we checked, a win is a win.
Continue reading Intel reports Q3 earnings, revenue holds steady at $13.5 billion
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Intel reports Q3 earnings, revenue holds steady at $13.5 billion originally appeared on Engadget on Tue, 16 Oct 2012 16:29:00 EDT. Please see our terms for use of feeds.
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