AMD suffers Q3 loss

In a statement, AMD confirmed that it "expects revenue for the quarter ending September 25, 2010 to be in the range of down one to four percent as compared to revenue of $1.65 billion for the quarter ended June 26, 2010," which comes as a nasty surprise following earlier claims that it would be experiencing a seasonal upswing this quarter.

The unexpected dip comes, the company claims, as a result of "weaker than expected demand" across the board - but AMD singles out the laptop market in Western Europe and North America as being particularly bad this quarter.