Intel recorded numbers much higher than expected in its latest financial results, revealed yesterday. After a long time presenting uninspiring information to its investors, the world's largest chipmaker showed a staggering 875% growth in its net profit, which stood at $ 2.3 billion.
In total, Intel's turnover stood at US $ 10.6 billion in the last quarter (another record), with an increase of 28% over the same period in 2008. The profit margin recorded by it was 65% even though it paid a billion dollar amount to close a lawsuit against AMD, causing yet another surprise to the same Wall Street investors who made a big mistake in predicting Apple's profits in October.
?Intel's strong results for the end of 2009 reflect our investment in manufacturing and product innovation. This strategy has enabled us to generate unprecedented operational efficiencies by expanding our traditional businesses and creating new market opportunities, even in times of economic crisis, ?said Paul Otellini, president and CEO of Intel.
For 2010, Intel expects to continue the good results presented yesterday to investors, betting heavily on the recovery of the PC market and the rapid adoption of its product line launched at CES recently. Although the company's new processors have started off very well on the market, several manufacturers are yet to announce a number of new features based on them, including Apple.