Intel Breaks Yearly, Quarterly Revenue Records

TWICE Staff -- TWICE, 1/14/2011

Santa Clara, Calif. - Intel reported its GAAP net income climbed 167 percent to $11.7 billion in 2010, for the period ending Dec. 31.

This hike took place on revenue of $43.6 billion.

The company also posted a fourth quarter GAAP net income increase of 48 percent to $3.4 billion on sales of $11.5 billion.

Intel cited a 21 percent increase in revenue for the PC client group, with Atom microprocessor and chipset revenue up 8 percent or $1.6 billion for the year.

For the fourth quarter PC client group revenue was flat, with Atom processors only generating $391 million in revenue for the group.