AMD to bust $1 billion quarterly barrier
Share price: ready, steady, go
AMD will produce revenues of over $1 billion in Q1, the first time it's turned over a ten-figure sum in a single financial quarter. Speaking in Japan, CEO Jerry Sanders III said the firm will show a ten per cent growth in revenues over its previous quarter, when it reports its results on 12 April. Growth in sales of AMD Athlon and Flash memories accounted for "new records" in revenues and units sold, he said. AMD's share of the Japanese market for microprocessors is over 20 per cent, a figure that exceeds sales in its other geographies, according to Sanders. Although no official figures for market share are available, AMD insiders reckon that the firm holds around eight to nine per cent in the European market, and about two to three per cent in the US market. AMD has stated publicly that it wants to grow its share in the corporate sector. Much of its Athlon growth has, so far, been fuelled by power hungry gaming enthusiasts. ®
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