Investing.com -- Intel's market share in the microprocessor (MPU) segment reached its lowest level since 2006, according to a Citi note based on the latest data from Mercury Research for the third quarter of 2024.
Intel (NASDAQ:INTC)'s overall MPU unit share is said to have dropped to 68.4%, a 262-basis-point decrease from 71.1% in Q2 2024. Citi explains that the decline is evident across desktop, notebook, and server segments, with AMD (NASDAQ:AMD) and ARM continuing to gain ground.
In the desktop space, Intel's MPU share reportedly declined significantly, falling by 608 basis points to 66.4%, while AMD's share increased by 513 basis points, reaching 26.8% in Q3.
For notebook MPUs, Citi explained that Intel's share fell by 171 basis points to 68.9%, while AMD also gained traction, increasing its share to 19.8%, up by 174 basis points from the previous quarter.
Intel saw a smaller decline in the server MPU category, where its share slipped by 33 basis points to 70.5%, while ARM increased its server share slightly, up to 7.0%.
The bank notes that ARM also saw growth, particularly in desktop and server markets, with an increase of 95 basis points in desktop MPU share to 6.8%, and a 31-basis-point rise in server share to 7.0%. However, ARM's notebook segment share is said to have dipped marginally by 2 basis points, standing at 11.39%.
Furthermore, Citi says total MPU shipments grew by 1.5% quarter-over-quarter, surpassing the typical seasonality decline of 2.8%, driven by above-seasonal performance in notebook and server shipments.
Notably, the bank reports that notebook MPU shipments increased by 3.2% and server shipments rose by 7.0%, while desktop MPU shipments decreased by 4.8% due to inventory concerns.
Citi maintained its Neutral rating on Intel while keeping a Buy rating on AMD.
This content was originally published on Investing.com
