Beating analyst expectations which had its revenue at $9 billion, Intel has revealed that in the third quarter of this year it has made sales of $9.4 billion, up $1.4 billion over Q2. These numbers result in the company's strongest second-to-third-quarter growth in over 30 years. In addition to the strong revenue, Intel has reported a Q3 profit of $1.9 billion, more than double that of Q2 which was $807 million.Compared to Q3 of 2008, both revenue and net income is down but there are 'special times' due to global economic crisis.Despite a slight dip in microprocessor ASP (average selling price), the Mobility Group's revenue was up 19% sequentially, while the Digital Enterprise Group posted a 14% increase in sales.As for the current quarter which includes the lucrative holiday shopping season, Intel is predicting a revenue of $10.1 billion, plus/minus $400 million. Yep, it's still good to be Intel.
News source: tcmagazine
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