Intel's fourth-quarter earnings close 2016 on a high note
Intel closed out its 2016 books today, and the results are rosy. The company posted $16.4 billion in revenue for the last quarter of 2016, up 10% from a year ago, and operating income of $4.5 billion, up 5% from a year ago. For its fiscal 2016, the blue team took in total revenue of $59.4 billion, up 7% from its fiscal 2015, and $12.9 billion in operating income, down slightly from the $14 billion in operating profit it generated in 2015. Gross margin for the year fell to 60.9% from 62.6%.
Intel's Client Computing group took in $9.1 billion , up 4% year-on-year, despite a 7% decline in platform sales (the combination of processors and chipsets). That's thanks in part to a 7% increase in the average selling price of those platforms. Drilling down into those numbers, the company says desktop ...