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Intel posts record sales of $11.1bn in Q3

Intel has reported record sales of $11.1bn (£6.9bn) for the third quarter of 2010, with profits up 59% from a year ago.

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Intel has reported record sales of $11.1bn (£6.9bn) for the third quarter of 2010, with profits up 59% from a year...

ago.

For the first time, Intel's third-quarter sales exceeded $11bn (£6.9bn), up 18% to $11.1bn (£7bn).

The company reported a profit of $2.96bn (£1.86bn) for the period ending September 25 - compared to 2009's Q3 profit of $1.86bn (£1.17bn) - and said strength in emerging and enterprise markets had led to record microprocessor units.

Paul Otellini, Intel's CEO, said the results set "all-time records for revenue and operating income".

"These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets," he said.

Otellini said fourth quarter sales would be driven by Intel's new chipset family and its use in tablet computers.

"Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems," he added.

Intel recently announced plans to buy the wireless division of German company Infineon Technologies for $1.4bn (£905m).

The deal is expected to be completed in the first quarter of 2011 and follows Intel's acquisition of security software giant McAfee on 19 August.

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