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AMD CEO blames economy for poor sales

Posted on Friday, July 20 2012 @ 11:35:53 CEST by

AMD CEO Rory Read told analysts during yesterday's earnings call that the global macroeconomic situation has cleary affected sales of PCs and hence the company's revenues. Additionally, AMD also noted lower channel demand for its A-series Llano APUs in China and Europe due to lack of motherboards. Both issues are expected to continue to affect AMD's revenue in the coming quarter.
"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.



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