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Intel’s 2nd quarter financials reflect a rise in cloud computing at the expense of the formerly loved PCs.
The chip company suffered a decline in its PC business growth, with notebooks also taking a hit due to the upcoming popularity of the internet savvy tablet PC, with its Intel Atom chipset dropping 15 per cent year over year.
Despite this, the company beat revenue targets of $13 billion, which was up 21 per cent this time last year. Net profit was also up 2 per cent, year over year, with the company generating $3 billion worth.
Profit was owed to the rise of Intel’s cloud computing, with its server business prospering after upgrading to their data centres following a greater demand.
Intel’s PC business revenue rose by 11 per cent year over year, indicating that rapid mobile growth has slowed it down, as noted by slashgear.com.
When the company was asked about their absence in the growing mobile market the company took an offensive approach, arguing they already have prominent presence because they deliver content to mobile devices through cloud computing. Backing up their claim is the 15 per cent rise in revenue their server chips gained.
In a statement, the company’s CEO Paul Otellini said “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results.”
