Intel reported second-quarter profit growth of 16 percent with sales of $9.23 billion, but the company's shares dropped in trading as its profit margin came in lower than expected. Intel earned $2.04 billion in the second quarter, up from $1.76 billion in the same period last year. Revenue rose 15 percent from $8.05 billion in the second quarter of 2004. Intel's total microprocessor shipments for the quarter set records, while mobile chip sales jumped 68 percent from last year. Flash memory chips for cell phones and mobile devices also showed record growth.
For more on Intel's Q2 results:
- view this piece from AP
PLUS: Intel and Research in Motion are in chip talks concerning RIM's BlackBerry handheld. Article