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Intel declines in third quarter

The competition is getting a little warmer and production problems are not overcoming Intel has started to force the processor market. In the last quarter, the firm has stopped rising.

Intel has closed the financial quarters with new records in the processor market and has recently put a brake on it. Both AMD’s moves and the inability to solve the problems on the production side began to force Intel.

According to the financial reports of the third quarter of the year, the company’s total revenue was $ 19.2 billion and followed a straight line in the same period last year. Operating profit was $ 6.4 billion due to a 59 percent drop in profit margin and a 12 percent decline. Net income was $ 6 billion, down 6 percent.

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In the last quarter of the year, Intel does not expect any change and revenue will be $ 19.2 billion. Earnings per share is expected to fall further, ie net profit will continue to decline.

It is the corporate party that maintains balance in the financial statements. Data centers, Azure cloud infrastructure and server systems have recorded record increases in the last quarter. Intel Xeon processors, post-programmable processors, Optane series and QLC NAND memory modules make successful sales. However, AMD will also be pushing Intel with 7nm EPYC processors.

https://www.techpowerup.com/260459/intel-reports-third-quarter-2019-financial-results

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