AMD reports a profit thanks to consoles and its custom chip business

Underdog chip company AMD reported a profit during its third quarter financial results in part because the Sony PlayStation 4 and the Microsoft Xbox One consoles carrying its chips are getting ready to hit shelves. The highly-anticipated consoles contain custom-built AMD chips from a new group inside AMD, the Embedded and Custom Semi group. AMD estimates that group will generate a fifth of its sales this year, and apparently is already improving the bottom line.