AMD presents quarterly results
AMD announced its results for the first quarter of 2001 today. Apparently one is swimming against the downward trend in the PC market, the result has been relatively positive. Earnings per share are 37 cents, although the experts had only expected 33 cents.
Total income from sales is 1.19 billion US dollars, which is the profit compared to the first quarter of 2000 9 percent and is even 1 percent above the profit for the fourth quarter of 2000. AMD's revenue continues to decline, dropping to $ 125 million in Q1 2001, a 34 percent decrease from Q1 2000 earnings. As with Intel, the reason is likely to be the tough price war in the processor market.
Overall, AMD was able to perform in the 1st quarter 2001 sold 7.3 million CPUs, including 6.5 million Athlons or Durons. The ratio between the sold Athlons and Durons is slightly in favor of the low-cost processor Duron. This enabled AMD to increase its share of the processor market from 17 percent in the 4th quarter of 2000 to 21.5 percent in the 1st quarter of 2001.
It was also announced that the profit generated by flash memory decreased by 2.4 percent compared to the fourth quarter of 2000. In the second quarter of 2001, profits are expected to decrease by a further 10 percent, but then recover again in the second half of 2001.