Intel sees a sharp drop in profits as PC and server markets drop

Intel released year-end figures for 2022, revealing that its total annual revenue was $63.1 billion, down 20% from $79 billion in 2021, with net income and earnings per share are down 60% year over year.

The fourth fiscal quarter of 2022 was also a tough one for the company, which reported a 32% drop in revenue over a three-month period, but even so it was a time of testing the boundaries. .


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