Earlier Wednesday Intel reported that its second quarter numbers were “record breaking”, with the technology giant reporting $13 billion in revenues. From this $13 billion in revenue Intel delivered $3 billion in profits, which results in an earning per share of 54 cents.
Intel CEO Paul Otellin said in a press release that “strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results.”
While the company enjoy exceptional numbers this quarter, the declining sales of its Atom line of processors had some analysts concerned.
Intel’s revenue from its Atom line was $352 million, which is down 15 percent from last year. This proves that netbooks are ceding ground to tablets, and Intel is having difficulty transitioning its Atom line into the growing tablet and smartphone market.
Otellin said that Intel is still showing growth in netbooks, albeit at a slower rate. He also stressed that Intel will counter this slowing growth with the “ultrabook” category of notebooks, labeling this the “next evolution in personal computing”.
This quarter Intel expects a revenue of $14 billion.