reel from recent layoff and a retardation in the growth of planetary personal computer sales , Intel on Wednesday send profit of $ 885 million for the second quarter , less than half of the $ 2 billion it earned in the same period last year .
Intel , of Santa Clara , Calif. , listed lucre of 15 cents per share on revenue of $ 8 billion for the tail finish July 1 , down from 33 cent per share on revenue of $ 9.2 billion for the same fourth dimension last twelvemonth .
The report flap a prognosis of 13 cents per parcel from analysts survey by Thomson Financial , but fall short of their $ 8.3 billion revenue prognosis .
The losses come from pathetic performance across the board , as the fellowship cite step-down in the telephone number of microprocessor sell , their average merchandising price , and the bit of motherboards sell .
The exclusive bright fleck was a rise in the number of flash retention units trade , but that was not enough to rescue Intel from sink revenues around the globe .
Year over twelvemonth , Intel bet an 8 percent driblet in revenue from the Americas , 14 percent fall in Asia - Pacific , and 24 percent drop in Europe . Only Japan — the smallest market — was confirming with a 3 percent rise .
Intel is in the thick of a incorporated reorganization , begun in April when CEO Paul Otellini bode the company ’s yearly profit would reach just $ 9.3 billion for 2006 , down from $ 12.1 billion in 2005 .
Otellini blamed a slump in the growth rate of microcomputer sale , excess inventory of microprocessors at retailers and a loss of market share to competitor Advanced Micro Devices . Since then , the company has announced July 13 it would put down off 1,000 managers , and has sold its XScale smartphone central processing unit unit for $ 600 million .
Those trouble are likely to continue . On Wednesday , the caller calculate revenue of $ 8.3 to $ 8.9 billion for the third quarter , depleted than psychoanalyst estimates of $ 9.1 billion .
Intel supplies Core Duo processor to Apple to power that computing machine God Almighty ’s iMac , Mac miniskirt , MacBook , and MacBook Pro intersection lines .