Intel Posts $2.5 Billion Profit for Q4 2012
Intel's financial numbers for the third quarter last year weren't that great (comparatively speaking), and the trend continues into the fourth quarter. The chip manufacturing giant has posted a $2.5 billion profit and a total revenue of $13.5 billion for the fourth quarter of 2012, which are both lower than the third quarter results and 2011's fourth quarter. Taken on the whole however, and it's hard to be disappointed with those numbers, especially when they exceed the Wall Street Forecasts. The same can't be said for the annual results, as revenue dropped 1.2% from $54bn in 2011 to $53.3bn in 2012. Net income saw an even bigger drop year-to-year, from $12.9bn in 2011 to $11bn in 2012; a 15% decrease.
PC sales have been on the decline recently, with the PC Client Group's revenue drop 6% year-to-year to $8.5bn and the "Other Intel Architecture" division dropping 14% from Q3 to an even $1bn. Conversely, the Data Center Group saw another increase in 7% from Q3 and 4% year-to-year. Hopefully 2013 is more fruitful for all of Intel's divisions and can get closer to the 2011 numbers.