"It is clear that global economic activity is slowing, and this is impacting the PC market. For the first time since 2001, client PC shipments have declined sequentially for three consecutive quarters and have been below historical averages for the last seven quarters. We expect macro headwinds will continue for the third quarter. We also believe the PC industry may be resetting to a new baseline and that full year industry growth estimates will be reduced," said Rory Read, chief executive officer of AMD, during conference call with financial analysts.
...
“We are taking definitive steps to improve our performance and correct the issues within our control as we expect headwinds will continue in the third quarter as the industry sets a new baseline. We remain optimistic about our core businesses as well as future opportunities with our competitively differentiated next-generation accelerated processor units (APUs). Our recently launched Trinity APU continues to gain traction with customers. We are committed to driving profitable growth," said Mr. Read.
AMD CEO blames economy for poor sales
Posted on Friday, July 20 2012 @ 11:35 CEST by Thomas De Maesschalck