In its 2021 fourth quarter earnings, Intel reported its highest quarterly and annual revenue at $19.5 billion and $74.7 billion, respectively, among four other revenue records. This doesn’t mean the company hasn’t suffered a great deal of trouble, though, as it still struggles to take full advantage of the pandemic-fueled demand for new PCs in the market, with net income growing 21 percent in recent years. has fallen. quarter to $4.6 billion.
In addition, Intel’s Client Computing Group (CCG) shrank 2 percent during its third-quarter 2021 earnings in October, limiting the company’s growth. With CCG down another 7 percent, CCG’s fourth quarter results show no improvement due to poor laptop sales due to the global chip shortage and the lack of other key components impacting manufacturing sites in various parts of the country. world.
However, desktop sales took a huge boost, with Gartner and IDC reporting that sales grew another 10-15 percent in 2021, with more than 340 million PCs shipped. While the other divisions of the company made up for the decline in sales. Intel’s data center group rose 20 percent year over year to $7.3 billion, while smaller companies like Intel’s Internet of Things Group (IOTG) and its self-driving car company, Mobileye, saw increased demand at 36 percent and 7 percent in Q4 2021 compared with Q4 2020. Their sales grew this year by 33 percent and 43 percent respectively.
However, due to serious competition in the industry, Intel does not automatically benefit from all that growth. With AMD pushing even further on laptop chips this year and Qualcomm back in the spotlight, it’s been a tough time for Intel to lag behind on processor technology.
For now, all eyes are on Intel Arc Alchemist graphics cards, which are expected to shake up the GPU market for both desktops and laptops later this year.
