Intel Reports a Record Year Despite a Massive Drop in Mobile Revenue

[[Coi] Mr.CLuBBeR]

Gaining ground in every sector except mobile

Intel can pop open the bubbly and celebrate another exceptional year in the chip business, and that might even be understating things a bit. It was just exceptional, it was record breaking -- Intel this week reported full-year revenue of $55.9 billion, operating income of $15.3 billion, and net income of $11.7 billion, the latter of which is a 22 percent improvement over last year.
In addition to a record breaking year, Intel benefited from the best fourth quarter it's ever had by raking in $14.7 billion in revenue, along with operating income of $4.5 billion and net income of $3.7 billion.
"The fourth quarter was a strong finish to a record year," said Intel CEO Brian Krzanich. "We met or exceeded several important goals: reinvigorated the PC business, grew the Data Center business, established a footprint in tablets, and drove growth and innovation in new areas. There is more to do in 2015. We'll improve our profitability in mobile, and keep Intel focused on the next wave of computing."
It will be interesting to see how Krzanich and company approach its mobile strategy, the only division to post a loss, and a big one. Intel's Mobile and Communications Group tallied just $202 million in revenue, down 85 percent from 2013 en route to a $4.2 billion loss.
However, Intel's other divisions picked up the slack, including its PC Client Group, which collected $34.7 billion in revenue, up 4 percent from a year prior. Its Data Center Group added another $14.4 billion (up 18 percent), followed by its Software business at $2.2 billion (up 1 percent) and Internet of Things Group, which is already a $2.1 billion business (up 19 percent).
Image Credit: Flickr (Nicolas Vigler)
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