Another quarter, another fresh set of earnings records for Intel. As has been the case for the past few quarters, the Tuesday release of Intel’s third-quarter earnings shows that revenue is up on both the client and server sides of Intel’s business. As a tech industry bellwether, Intel’s results are always most informative when broken out by vertical, so let’s take a look at what happened this past quarter.
The first take-home from Intel’s quarterly results is that the rumors of the PC’s demise have been greatly exaggerated. Intel’s PC Client Group revenue is up 22 percent year-over-year, a healthy jump that (not coincidentally) echoes the 26 percent year-over-year jump that Apple’s most recent quarterly results saw in Mac sales. The one segment of the PC market that “post-PC” pundits have been right about are netbooks—Atom sales are down a whopping 24 percent sequentially and 32 percent year-over-year. To once again take a sideways glance at Apple’s earnings, the iPad is up 166 percent year-over-year in units shipped, so it seems likely that any tablet cannibalization of the PC is confined to the netbook segment (which consumers have hated for a long time anyway).
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