Chipmaker Advanced Micro Devices (AMD) revenue fell for the fifth straight quarter due to continued weak demand from PC makers for its processors.
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The tech firm posted a net loss of $197 million, or 25 cents per share, in the third quarter ended September 6, compared with net income of $17 million, or 2 cents per share, a year earlier.
The company also reported a revenue decline of 25.6% to $1.06 billion.
AMD largely rely’s on the PC market for its profits and PC sales have been slammed by increased mobile handset sales, the shift to tablets and convertibles, and a free Windows 10 upgrade which has allowed customers to avoid purchasing a new PC.
