Seasonal patterns, 6 Series chipset problems, they were both there in Q1 but couldn't keep Intel down as the company recorded a record revenue of $12.8 billion - up 12% sequentially and up 25% on-year and a net income of $3.2 billion - flat sequentially but up 29% over Q1 2010.
"The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies," said Paul Otellini, Intel president and CEO. "These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth."
The first three months of 2011 have seen Intel spend $3.7 billion on R&D plus MG&A, and close the acquisitions of both Infineon Wireless Solutions and McAfee who contributed with a revenue of $496 million.
For this quarter Intel expects a revenue of $12.8 billion, plus or minus $500 million.

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