Timothy Prickett Morgan at The Register posted an article at The Register last week about AMD’s Christmas card to investors. On the 4th the company issued a statement that sales would drop 25% from Q3 because of “weaker than expected demand across all geographies and businesses, particularly in the consumer market.”
But, they aren’t alone this time
AMD’s impending big miss on Q4 comes only a few weeks after Intel, AMD’s bigger and profitable rival, said its fourth quarter would be down. Specifically, Intel said it expected sales in Q4 to range from $8.7bn to $9.3bn, down from its earlier forecast of $10.1bn to $10.9bn. Intel also said back then that demand for chips was weaker across all geographies. Isn’t globalization fun?