Intel reports record turnover and doubles up on profit
Intel reached a new high as they had a record revenues of $ 14.8 billion USD in the second quarter of this year. That is a 9 percent growth over the same period in 2016.
The quarterly profit has risen from $ 1.3 billion ($ 1.11 billion) last year to $ 2.8 billion (2.4 billion) in the past three months. Thuis Intels profits have been doubled.
The revenues increases mainly are based on, among other things, to the growth in data centers. Revenues totaled $ 4.4 billion (3.77 billion), 9 percent more than a year earlier. Intel exceeded expectations of analysts with its quarterly figures.
The strong results make Intel positive about the expectations for the rest of the year. The company expects an annual turnover of $ 61.3 billion. A good 1.3 billion dollars more than previously anticipated.
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Senior Member
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Short intel. Long AMD.
Senior Member
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are bribes for monopoly so profitable?
Senior Member
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They aren't, hence as ive said the figures are inflated for "good report".
In actuality, at least 50% of those profits goes out as bribes (IF not more lol!).
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Monopoly is bad, ok?
In the short term? Yes.
On the long run? Who knows?
Personally I will avoid buying Intel unless they have the best price/performance at my budget level, witch I doubt.
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I bet those stats are deliberately inflated by them.