AMD achieved 7% YoY growth in their client segment revenue in Q3 2024 with $2.9B in revenue. This is in stark contrast to overall market trends and other company's performance in the 3rd quarter. AMD managed to keep their client segment revenue growth moving forward despite climbing component prices.
AMD beats Intel in volume while both predict double-digit market decline
This is important for anyone watching the health of the PC hardware market. Currently AMD is beating their biggest competitor in terms of volume shipped.
The client segment growth was mainly due to growth in mobile (laptop) and mini PC processors. AMD saw a 6% growth in shipped PC processors this quarter. The growth in shipped volume was on top of just 1% increase in average selling price (ASP) for AMD chips. The growth in mobile and mini PC processors shows consumers are moving towards these form factors.
In contrast, Intel had a rough time in this same market with their Client Computing Group revenues dropping 5% YoY. Intel had a 14% decrease in shipped PC processors this quarter which is more than AMD's drop. The sad part for Intel is that they actually managed to raise their ASP by 9%. The issue was that Intel saw a 14% drop in shipped PC processors despite a 9% increase in average selling price.
Looking forward, AMD CEO, Lisa Su, predicts a 20% decrease in their client segment in Q4 2024. This downturn is because of component price increases that's impacting the overall supply chain. Both AMD and Intel see the coming year with double-digit decreases in the PC market for over 10%. AMD CEO, Lisa Su, projects a 20% decrease in the Client segment for Q4 2024 due to component price increase.
AMD achieves 7% YoY revenue growth for Client segment vs Intel -5% in Q3 2024. AMD achieves 6% growth in shipped PC processors while Intel sees -14% decline in shipped processors this quarter. AMD and Intel project double digit decline for PC market next year. 20% decline in AMD's client segment revenue for Q4 2024 due to component price increase.
The 6% shipment growth for AMD while Intel drops 14% is a massive volume swing. It proves their mobile strategy is actually working in the mini PC sector too.
honestly i just hope the 20% q4 drop means prices will finally stabilize for us budget builders 😂
Does this 9% ASP increase for Intel mean they are pushing higher end chips to offset volume loss or is it just inflation?
It is likely a mix of both. They are raising prices on remaining SKUs to maintain margin while losing share. This is a classic decline phase tactic.
The article mentions X3D chips in the fact sheet as a driver but the body focuses on mobile. X3D is desktop focused so that is a slight mismatch in the summary.
I just want to know if these new mini PCs come with bloatware or if we can get a clean install environment like the old days.