The notebook boom in the corona pandemic is driving Intel’s business. The data center business, however, continues to decline.
The chip giant Intel continues to benefit from the increased demand for PCs in the corona pandemic. In the past quarter alone, Intel sold 40 percent more notebook processors than a year earlier.
At the same time, however, the data center business declined year-on-year, as the company announced after the US stock market closed. Consolidated sales remained virtually unchanged at $ 19.6 billion. The profit was with a minus of 0.8 percent to 5.06 billion dollars at the previous year’s level.
The revenues of the PC division of the group rose in view of the lower average prices of chips sold with a plus of 6.4 percent to 10.1 billion dollars, significantly less than the number of units. Revenue in the business with data centers fell within a year by 9.3 percent to 6.45 billion dollars. Intel recently got more competition in this area – and sees the initially skyrocketed demand for new servers in the Corona crisis partially saturated.
Investors let the Intel share fall in after-hours trading at times by a good two percent.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
