AMD reports Q2 2012 financial results, revenues declining

Intel rules the PC side of CPUs and ARM-based processors from the likes of Samsung, Qualcomm, NVIDIA and Texas Instruments rule the smartphone and tablet market. In the midst of it all is AMD, struggling for survival in the fierce competition of the processor industry. Today bad news continue for AMD after the company reported disappointing financial results.

According to the company's press release, AMD had revenues of $1.41 billion for the second quarter of 2012, 10 percent lower compared to the same time period a year ago. AMD generated a $37 million profit in the second quarter, compared to a $61 million profit a year ago. Rory Read, AMD's CEO said: "Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made the closing weeks of the quarter challenging."

In a more positive note Read also said today, "Our recently launched Trinity APU continues to gain traction with customers. We are committed to driving profitable growth."