NEWS - Tuesday, June 7, 2005


ATI Cuts Forecast For Q3 Sales

ATI Technologies slashes forecast for Q3 sales Xbox 360 graphics chip supplier blames cut on "product mix shift" in laptop market ATI Technologies, the Ontario-based firm which will supply graphics chips for Microsoft’s next-gen Xbox 360 console, has been forced to cut its forecast for third-quarter sales. The company also posted a much lower forecast than expected for Q4, sending share prices dropping by 8 per cent to $14 on the Nasdaq index. On March 24, ATI issued a Q3 revenue forecast of between $560 million to $600 million. The number now stands at $530 million, with operating expenses at $143 million and gross margin at around 29 per cent. Fourth-quarter revenues are estimated at around $600 million - over $60 million less than analysts predicted, according to Reuters. ATI blamed the lower forecasts on changes in the market, stating: "While we believe end-user demand remains stable, a product mix shift in the quarter toward the lower end of the desktop and notebook discrete market caused revenues to come in below expectations." However, ATI also stated that unit sales were up, with its personal computer business posting unit growth of around 5 per cent. The news of a cut in forecasts follows comments made by ATI boss Dave Orton at a seminar last week, where he described the company as starting "to look much more like a PC/digital consumer company, not a PC company that’s dabbling in digital consumer." The full story can be found here. ATI is expected to post third-quarter results on June 23.
Source: http://www.gameindustry.biz

Site Statistics

Registered Members: 62,320
Forum Posts: 725,950
Xbox One Titles: 4,425
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,322
Member Reviews: 10,339
News Articles: 16,370
Screenshots: 36,601
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 4614 Views

2021: XBA is still here
Post by shrew king
23 Replies, 37820 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 74020 Views

Xbox Series X or S
Post by Nato King
5 Replies, 87084 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 89894 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 99313 Views

Xbox one no signal
Post by debrartin
0 Replies, 97331 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 101653 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 75311 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 137308 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 98757 Views

Squad Up
Post by samslophead
0 Replies, 178902 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 130786 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 224644 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 126390 Views

© 2000-2022 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics