AMD earnings continue to drop despite record CPU sales, GPU business loses $7 million

Poor AMD. While Chipzilla just keeps shattering its own earnings records , the little company that could from Sunnyvale is struggling to chug its way uphill. Its total revenue of $1.57 billion represents a two-percent drop from the last quarter and five percent from the same time last year. Total profits fell from half a billion in Q1 to just $61 million. News was particularly bad at the graphics division which saw revenues plummet 11 percent from Q1. In total, the former ATI brand lost $7 million. It’s not all bad news, though — the company did ship a record number of mobile CPUs, won some awards, and increased its presence on the top 500 super computer list by 15 percent. That’s gotta count for something right? [Thanks, Matt] AMD earnings continue to drop despite record CPU sales, GPU business loses $7 million originally appeared on Engadget on Thu, 21 Jul 2011 18:02:00 EDT. Please see our terms for use of feeds . Permalink

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