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Chip sales may be strong, but they pale when compared to Exxon's results |
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Nov 06, 2006 at 01:31 PM |
Worldwide chip sales hit a record $21.4 billion in September and $64.1 billion for 3Q06, according to the SIA monthly report issued last week.
Although that's cause for some celebratory indulgence, let's see how those numbers compare with Exxon's recently announced results.
The oil/energy giant hit record earnings of nearly $10.5 billion for the quarter, on revenues of more than $99.5 billion. Year-to-date (1Q--3Q) numbers offer more humble pie for the semiconductor crowd. Chip sales stand at $154 billion for the period versus Exxon's bulging vault of $287.6 billion (and earnings of $29.25 billion). Score one for the petro-barons.
Although there's no disputing the monumental enabling impact of semiconductor technology on the modern world, the oil biz still kicks the chip biz's butt on the bottom line.
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