We already know that 2020 was a huge year for PC shipments, now Intel is confirming that report with explosive fourth quarter earnings results. The chipmaker says its PC enterprise was up 33 % in comparison with final 12 months, with pocket book income specifically rising by a wholesome 30 %. Intel’s Shopper Computing Group, which homes its PC merchandise, reached $10.9 billion in income in the course of the quarter, a 9 % bounce over final 12 months. What’s most fascinating is that the typical worth for notebooks fell by 15 %, which tells us that folks undoubtedly wanted new computer systems as they confronted the COVID-19 pandemic, however they weren’t prepared to pay a premium.
Intel’s sturdy PC gross sales, together with a shocking 39 % bounce in its Mobileye self-driving expertise division, helped the corporate surpass its income expectations from October by $2.6 billion. The corporate reported $20 billion in income for the fourth quarter, with earnings of $5.9 billion. These figures had been truly down 1 % and 15 % from final 12 months, respectively, however the firm remains to be celebrating.