Intel announces financial results for 2014, Mobile divison loses $4.21B
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The largest chip maker on the globe, Intel, unveiled its financial results for 2014. Based on a recovery in the PC market and the reliability of its server business, Intel's gross sales increased to a total of $55.87 billion, up from $52.71 billion US dollars in 2013. This is an increase of about 6 percent in terms of aggregated sales.
2014 seems to have been a great year for Intel when it comes to net profits. The company's net profits rose 22 percent year-over-year. In 2013, Intel's net profits stood at 9.62 billion US dollars. In the twelve months ending on December 27 2014, the company registered a record profit of $11.7 billion.
The positive financial performance was driven primarily by the PC Client Group and the Data Center Group. Intel's PC division significantly improved its profit compared to the year before, up from $11.75 billion in 2013 to $14.63 billion in 2014. Intel's Data Center Group also recorded 31 percent more profit during 2014, making the chip maker richer by $7.28 billion.
Although the company as a whole seems to have done a great job in 2014, Intel's Mobile and Communications Group is continuing to lose large sums of money. Interestingly, the mobile group registered negative sales of 6 million dollars, a phenomenon that resulted as Intel paid off manufacturers to use its chips in smartphones and tablets. Overall, the Mobile Communications Group lost $4.21 billion during 2014. Back in 2013, Intel's mobile group lost 3.15 billion dollars.