AMD’s quarterly profits sink, and it expects weakened demand throughout 2020
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AMD posted its Q1 2020 financial results, and quarter-to-quarter revenue is down by 16 percent. Its quarterly operating income also took a dive, as revenue slowed and R&D costs went up. On the bright side, it shared that its $1.79 billion year-to-year revenue is up 40 percent compared to this time in 2020. It attributes this big jump to its computing and graphics segments, including its Ryzen processors and Radeon graphics cards — both of which have gotten major updates recently.
The company didn’t initially come right out and say that the COVID-19 pandemic was the culprit to its less-than-favorable financial results, but it did during the investor call. AMD CEO Dr. Lisa Su cited that reduced supply chains and a downturn of retail in…