We already know that 2020 was a huge year for PC shipments, now Intel is confirming that report with explosive fourth quarter earnings results. Intel's Client Computing Group, which houses its PC products, reached $10.9 billion in revenue during the quarter, a 9 percent jump over last year.
Intel exceeds expectations, reports record full year revenue - Components - News hexus.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hexus.net Daily Mail and Mail on Sunday newspapers.
Intel has released its latest set of financials, covering its financial Q4 and FY 2020 accounting periods. Headlining revelations are: Intel recorded record full year revenue; the strength of PC sales, particularly laptops, helped Intel exceed its own expectations; and incoming CEO Gelsinger said that Intel 7nm was on track for the majority of products in 2023.
The latest results arrived rather dramatically. There were reports that the results had been hacked and released ahead of the closure of the stock markets yesterday in the US, so Intel published the results for all to analyse 15 minutes ahead of the markets closing, to help prevent any trader advantage. To be clear, these results statements are usually released after the bell . The shares shot up by as much as 6.5 per cent in this short remainder of regular trading time. However, things have calmed after-hours, with the price moving down about 2 per cent.
Bob Swan, CEO of Intel, to step down on February 15 explica.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from explica.co Daily Mail and Mail on Sunday newspapers.
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During CES Monday, Intel announced the next phase of its vPro program for business PCs, adding the 11th-gen “Tiger Lake” Core chips to the vPro line. The company will use Evo branding to promote the vPro line, and incorporate CET and TDT technologies into Intel Hardware Shield protection.
More than 60 laptops using some combination of vPro and the Evo branding will be rolling out this year, though the company didn’t say exactly when business customers could expect the first Evo laptops. Intel originally designed the Evo brand as a consumer initiative, signaling that the laptop would be engineered for fast response times, long battery life, and the ability to instantly wake.