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AMD Reports Impressive Revenue, Thanks to PS4 and Xbox One

AMD
For a company that almost reached bankruptcy in late 2012, today is a proud moment for AMD who is reporting $1.46 billion in revenue and an operating income of $95 million for the third quarter of 2013. The figures of course due to AMD’s work on providing custom chips to power the new PlayStation 4 and Xbox One consoles.

According to the announcement made on AMD’s official blog, the reported revenue of $1.46 billion is a year-over-year increase of 26 percent, with a 15 percent sequential increase. The company though did face an operating loss of $29 million and $131 million for Q2 2013 and Q3 2013, respectively.

AMD’s Semi-Custom Business Unit, announced back in May, has helped “create semi-custom parts” for the industry which in turn has contributed to a revenue increase of 110 percent. Both next-gen consoles are being powered by AMD technology.

The PlayStation 4 boasts an eight-core APU based on AMD’s Jaguar APU line, using a combination of x86 and Radeon graphics technology; while the Xbox One features a similar semi-custom x86-powered APU.

In recent news, AMD announced Mantle, an API that gives developers low-level access to AMD’s Graphics Core Next architecture. This in turn helps developers bring out more performance from the cards and go past limitations put forward by existing OS and cards. The company is also said to be working with Steam on their new Steam Machines slated for release next year.

Source: AMD