AMD suffers Q3 loss
Things have been looking pretty rosy in AMD's financial garden over the course of 2010 so far - however, it looks as though Q3 is going to bring things back down to earth with a decidedly depressing bump.
AMD has updated its projections for the third financial quarter, which officially ends tomorrow, and it's not good news: it's suffered a drop which could be as high as four percent.
In a statement, AMD confirmed that it "expects revenue for the quarter ending September 25, 2010 to be in the range of down one to four percent as compared to revenue of $1.65 billion for the quarter ended June 26, 2010," which comes as a nasty surprise following earlier claims that it would be experiencing a seasonal upswing this quarter.
The unexpected dip comes, the company claims, as a result of "weaker than expected demand" across the board - but AMD singles out the laptop market in Western Europe and North America as being particularly bad this quarter.
bit-tech has the news.In a statement, AMD confirmed that it "expects revenue for the quarter ending September 25, 2010 to be in the range of down one to four percent as compared to revenue of $1.65 billion for the quarter ended June 26, 2010," which comes as a nasty surprise following earlier claims that it would be experiencing a seasonal upswing this quarter.
The unexpected dip comes, the company claims, as a result of "weaker than expected demand" across the board - but AMD singles out the laptop market in Western Europe and North America as being particularly bad this quarter.
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