Intel Q3 profits up and set to rise for Q4

The world’s largest chipmaker has announced record earnings for Q3, and the future sales outlook looks even better, as Q4 profits could also rise even further. A time when many companies are facing financial difficulties does not seem to be having an effect on the CPU maker, it seems as though people can’t get enough of technology.

Intel’s third-quarter sales were $10.77 billion, not bad as their forecast was from $10.1 to $10.9 billion. There had been concerns that cash strapped customers would turn to computers with cheaper chips in them, but Intel says that their gross margins would remain at 59%.

Intel’s profit margin for Q3 were healthy, net income was $2.01, an increase of 12%, that is an extra 35 cents per share from the 31 cents a share from the year earlier. One major factor for this is with notebook sales, they are on the up.

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