AMD hit by flash-memory slump

News

AMD hit by flash-memory slump

A financial forecast update from Advanced Micro Devices (AMD) predicts that the company will continue to be hampered by a depressed flash memory market in its third quarter but will benefit from strong PC processor sales.

AMD expects its sales of flash memory products to decline by almost 30% compared to second quarter results. The company believes this will contribute to a 15% decline in revenue compared to the second quarter.

Rob Herb, AMD's executive vice-president and chief sales and marketing officer, said the company was expecting to report an operating loss for its third quarter.

AMD had previously forecast a decline in revenue of between 10% and 15%.

On a more positive note, AMD said it would continue to benefit from increasing sales of PC processors, in particular its Athlon and Duron versions, which accounted for a combined 7.8 million sales during the second quarter.

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy