The tech giant AMD released their 2015 Q4 earnings this week which showed an overall loss in revenue. They expect their computing and graphics sectors to pick up speed with the release of VR headsets and the growing console community.
AMD made $958 million in revenue in Q4, which is 10 per cent less than their previous year. The company says that the primary cause for the decline is a lack of CPU sales.
Despite an operating loss of $49 million, AMD’s computing and graphics sectors grew 11 per cent with strong sales of both their Radeon 300 series graphics cards and APUs.
“We expect this momentum to continue throughout 2016 as Oculus and HTC begin shipping consumer-ready VR headsets,” said President and CEO of AMD, Lisa Su. “The buzz and interest in VR is an exciting trend that is focusing the software industry’s attention and some of its brightest minds back on the PC platform.”
The company aims to win customers back in the declining PC market with their new line of high-performance energy efficient GPUs designed with VR applications in mind. These new cards are expected to ship in the middle of 2016.
AMD, in partnership with Microsoft and Sony, moved more than 50 million semi-custom APUs, a shipping record for the company. AMD says they have plans to continue generating additional revenue from new semi-custom business in the second half of the year.
AMD expects a loss in revenue for the first-half of 2016 due to seasonality of the PC and gaming markets. Despite this, AMD set out goals in the hopes to return to profitability by the end of the year.
