To debunk the myth here and the stupid games Intel management are playing:
revenue increase is due to iPhone modem sales. 40m units at $15 is $600m.
Gross margin increase is due to reduced depreciation. IntelIntel should be on 10nm by now. This is actually a bad sign in the medium term not good.
@JtRFEcI plus a bottom out of x86, hopefully, but doesn't change much the fundamental issues at the company
1) Moore's Law is over and TSMC is beating intel to 10, 7 and likely 5.
2) Virtuous cycle has moved to ARM eco system and intel's attempt at 10nm is too little to late
3) Commodity Modems, memory, 5G etc. are areas others will eat intel alive with it's cost structure
4) X86 volumes are flat to down and will stay that way as ARM and phones continue to dominate
ACT2 and ACT3 are inevitable.
The management are now just giving the wall street addicts regular fixes. ACT, bogus projections new acquisitions...
Thanks for communicating these factual observations. Most employees are turning a blind eye and thinking this was actually a good report. They'll find out soon enough when Focal arrives.