Advanced Micro Devices said today that revenue for the quarter ending June 30 is expected to be off 11 percent sequentially.
That's a very different outlook from what AMD forecast previously when it said that second-quarter 2012 revenue was expected to increase 3 percent sequentially, plus or minus 3 percent.
"The lower preliminary revenue results are primarily due to business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe," the company said.
But AMD also attributed the worse-than-expected result to "a weaker consumer buying environment impacting the company's Original Equipment Manufacturer [OEM] business."
That last statement is potentially the scariest of the reasons put forward. That could either mean AMD processors are not faring well in PCs or the consumer market in general for PCs is stagnating in the face of the demand for
tablets -- where AMD has virtually no presence at the moment.
