Advanced Micro Devices Inc (AMD), one of the leading manufacturers of microprocessor products, graphics, processors, chipsets, and computing products, forecast a decline in sales in the fourth quarter of 2022. The company expects its revenue in the third quarter of 2022 to reach $5.6 billion, down from $6.5 billion in the second quarter. However, the company’s overall performance is expected to stay robust due to its diversified product portfolio. the company is devising strategies to maintain its market share with the launch of next-generation 5nm data center and graphics products during this quarter.
The capacity of the consumer electronic industry was under intense stress during the COVID-19 pandemic period. The rapid increase in the sales of consumer electronics, including PCs, laptops, phones, vehicles, and appliances, resulted in a widespread supply shortage. The reset is taking place after two years of supercharged growth.
The COVID-19 restrictions in the PC markets led to a considerable decrease in demand. Owing to lockdowns, China, one of the largest manufacturing markets for PCs, endured production disruption in the second quarter of 2022.
Growing global inflation and regional conflicts are also responsible for the decline in consumer spending, leading to a significant decrease in PC shipments.
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