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Monday, January 30, 2023

Apple March 8, 2022 Event

Apple announced several products during their March 8, 2022, event. Studio Display Mac Studio iPad air iPhone SE iPhone 13 and 13 Pro color addition Some of the products will...

Eastman files motion for exculpatory information and continuance

In response to the January 6 Select Committee Brief to Eastman Privilege Assertions, Eastman has filed a new motion with the court. A request for the court to require...

February 2022 Employment Report

U.S. Bureau of Labor Statistics reported today that total nonfarm payroll employment rose by 678,000. The unemployment rate edged down to 3.8 percent The employment number exceeded forecasts The...

Intel Quarterly Earnings Exceed Expectations

Intel said on Tuesday that an improved PC market helped it to deliver quarterly earnings of $13.8 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.55. The company also increased its full-year sales outlook.

An 83% year over year growth in Internet-of-Things was also announced.

Intel CEO Brian Krzanich said “Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things.”

  • PC Client Group revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year.
  • Data Center Group revenue of $3.5 billion, up 14 percent sequentially and up 19 percent year-over-year.
  • Internet of Things Group revenue of $539 million, up 12 percent sequentially and up 24 percent year-over-year.
  • Mobile and Communications Group revenue of $51 million, down 67 percent sequentially and down 83 percent year-over-year.
  • Software and services operating segments revenue of $548 million, down 1 percent sequentially and up 3 percent year-over-year.

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