Tuesday’s top tech news: Hands-on with the HomePod
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AMD made just $21 million last quarter.
Profits dropped 98 percent — and yet it’s actually a rosy quarter since AMD is weathering reduced PC demand relatively well (client processors admittedly down 51 percent). AMD says the losses are “primarily due to the amortization of intangible assets associated with the Xilinx acquisition.”
Gaming revenue only dropped 7 percent because AMD-powered console sales (PS5, Xbox, Steam Deck) are actually up. It’s largely the same story as last quarter.
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