Swiftly following Intel’s lead AMD has posted its latest financial results, and while the results are considerably less impressive than its competitor, AMD is just about keeping its head above water. Contrary to Intel’s record revenue gains for the last quarter, AMD brought in just $17 million net income from a total of $1.43 billion in revenue, struggling in particular when it came to its Computing and Graphics departments.
$17 million isn’t exactly something to be sniffed at, and it’s definitely an improvement on the $36 million loss from the previous quarter, but it’s still some way short of the $48 million achieved in this same period last year. AMD has faced tough competition in recent years from the likes of Nvidia and the aforementioned Intel, and this is beginning to take its toll despite the chip maker winning contracts to support all three current-gen consoles. [More]