Advanced Micro Devices benefits from popularity of Laptop, Server Chips
The only apparently competitor to the domination of the Intel processors in the PC microprocessor market, AMD has announced their third-quarter results. And the company seems to have immensely benefited from the popularity of their Laptops and Server processors. The company reported that their third-quarter profit rose 73 percent because of sales of chips used in laptop and server computers.
This is quite an impressive achievement for a company, which is yet to find a strong market presence when compared to the Intelâ€™s market share. However, their continues evolution and development of newer technologies is going to help them impress more users around the world getting them to try out AMD processors instead of Intel. With 64 bit and dual core processors due to become more popular in the coming days, the market would be interestingly watching the two giants battling each other.
AMD reported that their net income rose to $76 million, or 18 cents a share, from $43.9 million, or 12 cents, a year earlier. In addition, sales gained 23 percent to $1.52 billion from $1.24 billion. Most of this impressive show was due to the higher-value products including the Opteron server chip and Turion laptop processor that have helped the company gain ground on No. 1 Intel Corp.
The results also helped the company improve their position in the stock market as their shares gained around 18 cents to $23.29 at 4 p.m. in New York Stock Exchange composite trading. In this year alone, the shares have gained around 6% on their stock price.