Decline in Net Income from 2020 to 2023

Intel's net income experienced a significant decrease, dropping from 20.90 billion USD in 2020 to 1.68 billion USD in 2023. This represents a steep decline of over 91% in a span of three years, indicating substantial challenges the company faced in maintaining its profitability during this period.

Peak Net Income in 2019 and 2020

The highest net income figures for Intel were recorded in 2019 and 2020, each year marking over 21 billion USD, with 2019 peaking at 21.05 billion USD. These years represent the zenith of Intel's financial performance over the two-decade span.

Variance in Annual Net Income

Over the two decades, Intel's annual net income showed considerable variability, ranging from a low of 1.68 billion USD in 2023 to a high of 21.05 billion USD in 2019. This fluctuation highlights the dynamic nature of the tech industry and the company's varying ability to adapt and profit from market conditions.

Recovery and Decline Cycles

Intel has experienced cycles of recovery and decline, notably recovering from 4.37 billion USD in 2009 to 12.94 billion USD in 2011, followed by a more recent decline from 21.05 billion USD in 2019 to 1.68 billion USD in 2023. These cycles reflect the company's responsiveness to industry trends and challenges.

Stability Period before 2019

Prior to the recent decline, Intel maintained a relatively stable net income, hovering around 21 billion USD in both 2018 and 2019. This period of stability suggests a strong market position before encountering significant headwinds in subsequent years.

Significant Drop in 2017

The year 2017 saw a notable decrease in net income to 9.60 billion USD, almost halving from the previous year's 21.05 billion USD in 2018. This drop reflects specific challenges that significantly impacted profitability that year, before a return to higher income levels in the following years.