They're trying to make a comeback with Zen, but one of the biggest issues with development is that you learn from the successes and failures of your previous product. If your previous product sucked, you're under an enormous amount of pressure to fix those problems before you even get started on your next generation. Otherwise, those problems will persist, and you'll get new problems as well.
They've stayed relevant in the GPU market, though.
I am mainly using it to compile software though, which makes good use of multiple cores, probably closer to a "server" workload than a "desktop" one.
I just picked up the AMD Vishera -- 4.2 Ghz, easily overclockable to 4.5 with a proper cooling system, for $90.
For comparison, an Intel Core i3 4350 at 3.6 Ghz runs $205.
And in APU (or "non-mobile SoC", if you will) market too: Xbox1 _and_ PS4 - that's a huge success by any measure.