On The Plus Facet, They Killed Their Bitcoin Mining ASIC
Intel didn’t have excellent news for buyers this quarter, reporting the most important loss within the firm’s historical past and a 133% annual discount in earnings per share. Sadly this information is just not sudden, as demand for brand spanking new computer systems and parts proceed to fall each manufacture have seen critical declines in earnings, at finest. Nobody is anticipating excellent news subsequent quarter both.
As Ars Technica points out, a few of Intel’s issues are distinctive to them, such because the delay within the launch of Sapphire Rapids which has helped AMD take an excellent bigger share of server gross sales. That enhance has helped AMD’s revenue, however even they’re having a troublesome 2023. Intel’s earnings have been down 36% yr over yr to a mere $11.7 billion. That could be a bit over the anticipated earnings of $11.04 billion however nowhere close to what they made at the moment final yr.
We have no idea how a lot Arc GPU gross sales accounted for his or her revenue because the AXG graphics division was absorbed into the consumer computing and information heart teams, and is not reported individually. The loss for Intel might result in extra downsizing, although after final yr’s layoffs that is likely to be tough to handle. Maintain a watch out for extra earnings reviews, for it’s that point of yr.
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