As Intel goes, so goes the rest of the chip market. A slump in fourth quarter profits would mean that the projected slowdown of the entire industry was well underway. Fortunately for Intel investors, the company’s profits grew 48 percent when compared to the fourth quarter of 2009.
On Thursday the company reported a net fourth quarter income of $3.4 billion, which translated into 59 cents per share. Total revenues for the quarter was $11.5 billion, while annual revenue for 2010 was $43.6 billion. Share prices were up $2.05 over the previous year, making 2010 the most profitable year in Intel’s history.
Read More at the Business Journal.