Intel's Q4 was 'terrific' and 'record setting' says CEO as profits dip

Intel's profits dipped slightly in the last quarter of 2016, with income for the entire year down by 9 per cent. Following the 5 per cent hit its share price took when the quarter's forward guidance was published in October last year, Intel hasn't failed to disappoint investors. Although revenues were up year-on-year, from $ …

[Charlie Clark]

Exchange rate

They'll probably focus on the recent strength of the dollar deflating non-US revenues.

[bernardo.ortiz]

I can understand the statement, if your patient and follow along, you may to.

Intel started last 2016 by having a major project blocked by the government. Intel was to provide the Xeon and Xeon Phi's in the largest Chinese supercomputer at the last minute. These parts were already built, so they had to be sold off at huge discounts. In the computer industry, main stream pays for process updates, profits are made on servers, supercomputers, and after-market sales (for graphic cards). Intel's published forecast after this situation was abysmal. Intel had to redo they're strategy and bring in products to replace the lost sales and fab usage. This was done very quickly and Intel did much better than expected, given the situation that many of it's products were now blocked from being sold in their largest market. It was as extreme as blocking one product from the development partner, meaning that version of the Xeon Phi.

This is not an example of poor business management, but how government regulations and last minute changing of opinions within the government hurt US corporations, hurt jobs.

[Stuart21551]

Inventors

Do not trust intel