Intel experiencing lower sales and profits for Q3 2015
Intel has revealed its financial results for the third quarter of this year and the numbers are down across most major branches. The Intel PC and Client Computing Group (CCG) experienced a slight revenue fall from $14.554 billion to $14.465 billion while net profit has fallen from $3.317 billion to $3.109 billion USD. On the flip side, Intel is hoping that the traditionally stronger Q4 time frame will bring sales up to the $14.3 billion to $15.3 billion range.
When sorted by group, the Intel CCG saw a decrease in sales by 7.45 percent from $9.191 billion the year before to $8.506 billion this quarter. Operating profits fell more sharply by 20.31 percent from $3.053 billion to $2.433 billion. Sales of processors for desktops and notebooks suffered a drop of 14 to 15 percent. Tablet processors in particular dropped by about 39 percent. Overall, Intel had sold just 8 million chipsets for tablets during the the quarter.
Other groups are seeing better numbers in comparison. The Data Center Group (DCG) saw an increase in sales by 11.9 percent from $3.7 billion to $4.14 billion for a net profit increase of 9.3 percent from $1.946 billion to $2.127 billion. The Internet of Things Group (IoT) saw a sales growth of 6.2 percent from $530 million to $581 million for a profit jump of 4.1 percent from $145 million to $151 million.
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