Intel reports $12.9 billion in revenue for Q1 of 2012, breaks no records

While it's hard to get upset when your company is raking in just shy of $13 billion over just four months, we're sure Intel's investors are a little sad to see revenue drop across all business divisions. With a net income of $2.7 billion, profits dropped nearly 19 percent from last quarter and everyone from the data center group to the PC client group saw revenues fall by significant margins. There's no reason to worry about Chipzilla, though. The company's seemingly constant record smashing quarters had to come to an end sometime and we're sure with its entrance into the smartphone market this year new streams of revenue will start pouring in shortly. Check out the source link for all the financial nitty gritty.

Intel reports $12.9 billion in revenue for Q1 of 2012, breaks no records originally appeared on Engadget on Tue, 17 Apr 2012 16:32:00 EDT. Please see our terms for use of feeds.