The Company cited that sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America. According to Reuters Estimates, analysts on an average were expecting the Company to report revenues of $1.72 Billion.AMD isn't the only one seeing weak-than-anticipated demand, barely a month ago Intel also warned investors that its Q3 revenue would be weaker than expected, as the company revised its outlook from between $11.2 billion and $12.0 billion to $11.0 billion, plus or minus $200 million.
AMD lowers third-quarter outlook due to weak demand
Posted on Friday, September 24 2010 @ 12:48 CEST by Thomas De Maesschalck