Thank you for making my point all the less subtle.
What is AMD's x86 net profit for the entirety of their existence? How about Intel's?
AMD's net profit is about 0. But they're still here

But well, it's AMD's own fault that they're in this situation.
They decided to make x86 clones their core business, rather than developing their own technology and carving out a niche in the market. Ironically enough AMD helped build the x86-monopoly that they now depend on. In the early 80s, there was still room for various competing architectures in the PC market, such as Z80, 6502, 68k and x86.
AMD has made two pretty unfortunate decisions anyway, recently.
Firstly, they cancelled their Geode line at pretty much the same moment that Intel introduced their Atom.
With Geode, AMD could have been a decent player in the embedded and netbook market. In fact, at work we build some embedded systems around Geodes, we now have to move to Atom before the supply dries up. Not that easy because Atom is quite a hothead compared to Geode, and our systems have no cooling whatsoever (not even some holes in the casing).
And AMD also sold their flash memory division, shortly before SSDs arrived.
But yes, in general... AMD doesn't come up with its own technology, so they are doomed to follow the leader. Apple threw them a lifeline with OpenCL, but so far AMD is messing that up aswell.