AMD reports slow Q2 2012 financial results

AMD is struggling to stay alive in the processor industry as Intel still rules the PC side and ARM-based chip companies like Qualcomm, NVIDIA and Texas Instruments have a lock on the smartphone and tablet market. Today, AMD reported more disappointing financial news.

The company's press release stated that AMD had revenues of $1.41 billion for the second quarter of 2012. That's 10 percent lower compared to the same time period a year ago. AMD generated a $37 million profit in the second quarter, compared to a $61 million profit a year ago.

AMD CEO Rory Read said, "Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made the closing weeks of the quarter challenging."

In May, AMD officially launched its new Trinity line of PC processors, but wide availability of the chip won't happen until sometime in the current quarter. Read said today, "Our recently launched Trinity APU continues to gain traction with customers. We are committed to driving profitable growth."

Unlike Intel, which has been a big promoter of Windows 8 ahead of its October 26th launch, AMD has kept much of its Windows 8 plans to itself. In June, during the Computex trade show, AMD did show a prototype tablet running Windows 8 with one of its Trinity A6 APUs inside. So far, there's no word if there will be any Windows 8 tablets with an AMD chip inside for the launch of the OS.

Source: AMD

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