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Intel reports record earnings for Q1

Like a steam train with unlimited puff

| Business, Financial & Legal News | Posted: Jan 1, 1970 12:00 am

Intel has its first quarter results in for the year and is happy to report a record profit that has surpassed all expectations and reached in excess of 400 percent higher than the same period last year; increased demand for laptop chips and high-end desktop parts being cited a key factor.

 

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The giant chipmaker has announced profits of $2.4 Billion, or 43 cents per share with the Q1 revenue at 10.3 Billion, up 44 percent from the same quarter last year.

 

So, to no surprise, it's all full steam ahead for Intel as they continue to laugh their way to the bank. If you'd like to read about Intel's first quarter results in more specific detail, click here.

 

NEWS SOURCES:Tweaktown.com

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