Boston, MA 10/15/2013 (wallstreetpr) –
Advanced Micro Devices, Inc. (NYSE:AMD), is making history by its commitment towards innovation. Business for this company is booming as it is having a successful 2013 year to date in terms of standalone achievement, as well its subsidiaries after the successful transaction of the sale and lease-back with HSBC, which allow AMD to make a record gain of $16 million.
The company is expecting an increase in revenue of 22% (plus or minus 3%), and, according to reports, the company might reach a mark of $1.22 billion, in comparison to $1.16 billion in its second quarter. The company is developing their new products, especially in the gaming section of graphic cards by introducing its R9 series with the technology of hyper-realistic ultra-resolution gaming. It is expected to be a successive launch after the success of the R7 series of graphic card. The stock side of the company is quite stable as of now because there is very little volume on trading of the company as it is about to release its 3rd quarter results, which, according to the company research and analysis departments, seems to be positive for the investors, as the beta of the company shows it is performing well in the industry.
Advanced micro devices is getting into diversifying its business as there has been a down fall in the sales of personal computers and people are opting for tablets over laptops and desktops. This reason has lead AMD to enter into the new market of medical equipment and other devices, as the low power devices and high power machines will be in the market by next year. As the year progresses, there can be overall improvement in the company in terms of financials, as well as the investor perspective, due to diversification and product development by the company.