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Intel profits surge as of Q1 2017

Intel profits surge as of Q1 2017
Intel profits surge as of Q1 2017
The chipmaker is benefiting from a stable consumer PC market with profits up 45 percent compared to Q1 2016 with 14.8 billion USD in revenue.

Intel's earnings report for the first quarter of this year has slightly exceeded analyst expectations with an overall operating profit of 3.6 billion USD to represent a 40 percent increase YoY. Revenue rose by 8 percent from 13.7 billion USD to 14.8 billion USD during the same time frame.

Net profits climbed 45 percent from 2 billlion USD in Q1 2016 to 3 billion USD as of Q1 2017. The lion's share of Intel's revenue stream came from its Client Computing Group (CCG) responsible for components found in consumer notebooks, 2-in-1 convertibles, desktops, AiOs, and workstations. Sales in this segment increased from 7.55 billion USD to 7.98 billion USD with operating profits from the PC division jumping significantly from 1.88 billion USD to 3.03 billion USD. The Intel Data Center Group (DCG) experienced a small revenue growth of 6 percent to 4.2 billion USD.

Intel's solid performance in the notebook and desktop PC space is a surprise. The chipmaker recently axed its decades-long IDF conventions in China and California as the company now wants to shift focus away from consumer hardware and more into A.I. systems, automotive, wireless communications, and the overarching idea of the Internet of Things (IoT).

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 04 > Intel profits surge as of Q1 2017
Allen Ngo, 2017-04-30 (Update: 2017-04-30)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.