Analysts were expecting Intel to make some money, but the chipmaker beat everyone’s expectations, including their own. According to All Things D, Intel reported revenue of $11.5 billion with sales up 8% year over year. But with that sales increase, profits were up 48%. As you might expect, Intel’s shares are selling up on the news. Gartner is reporting that PC sales ended up weaker than expected in the 4th quarter, so these results are even more impressive.
Most of Intel’s divisions were seeing increased sales. Even Atom chips are still moving nicely. Although, the coming year may be difficult with new Windows on ARM initiatives and mobile chips from Nvidia and Qualcomm exploding. But Intel still expects to maintain in 2011. They are predicting the same $11.5 billion in revenue for next year. Only time will tell if Intel’s mobile parts can gain market share to return those numbers.
Related posts: