Breaking News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro Sony launches a high-resolution shotgun microphone with superior sound quality and compact design. Arctic announces New Liquid Freezer III Pro 280 and Pro 420 Silicon Power Launches Hypera microSDXC Express Card Samsung announces Watch8, Z Fold7 and Z Flip7

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Nvidia Gives Low Sales Forecast on Weak Cryptocurrency Demand

Nvidia Gives Low Sales Forecast on Weak Cryptocurrency Demand

GPUs Nov 15,2018 0

Nvidia gave a lower that expected sales forecast for the current quarter, showing the loss of demand from the collapse of cryptocurrency mining.

The company's revenue in the fiscal fourth quarter will be $2.7 billion, plus or minus 2 percent.

Nvidia's gaming revenue outlook for the fourth quarter of fiscal 2019 is impacted by the expected work-down of Pascal mid-range gaming card inventory in the channel,
and a decline in gaming console reflecting seasonal build patterns.

"This assumes no meaningful shipments of mid-range Pascal GPUs during the quarter, so that channel inventory can approach normal levels by the end of the fourth quarter," said Chief Financial Officer Colette Kress.

Last month, rival AMD blamed dwindling demand for chips from cryptocurrency miners for its lower-than-expected fourth-quarter revenue forecast.

Nvidia reported a profit of $1.23 billion in the third quarter, compared with $838 million in the same period a year earlier.

Revenue was $3.18 billion, up 21 percent year over year and up 2 percent sequentially. Three of Nvidia's market platforms - Professional Visualization, Datacenter, and Automotive - posted record revenue.

Gaming revenue was short of the company's expectations. Sales from gaming rose 13 percent to $1.76 billion but declined from the prior quarter.

Data center revenue increased 58 percent to $792 million. The business powers cloud computing services of customers including Amazon.com Inc’s Amazon Web Services, Microsoft Corp’s Azure as well as Alphabet Inc’s Google Cloud.

The company’s founder and Chief Executive Officer Jensen Huang is trying to make Nvidia more than just the leading provider of technology that makes games more realistic. Yet the gaming market still provides the company with the bulk of its sales.

Tags: Nvidiafinance
Previous Post
SpaceX Launches Es’hail-2 Satellite
Next Post
FCC Approves Space X's Request to Launch NGSO Satellites For Broadband

Related Posts

  • PNY Announces Support for the New NVIDIA RTX PRO Blackwell Graphics Card Family

  • KIOXIA flash memory and SSD solutions empower AI applications at NVIDIA GTC 2025

  • INNO3D GEFORCE RTX 50 SERIES IS HERE!

  • VENGEANCE Gaming PCs are Ready for NVIDIA GeForce RTX 50 Series GPUs

  • GeForce At Computex 2024

  • ASUS Presents ESC AI POD With NVIDIA GB200 NVL72 at Computex 2024

  • NVIDIA Teams Up With Google DeepMind to Drive Large Language Model Innovation

  • ASUS Presents MGX-Powered Data-Center Solutions

Latest News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro
PC components

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.
Cameras

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

Arctic announces New Liquid Freezer III Pro 280 and Pro 420
Cooling Systems

Arctic announces New Liquid Freezer III Pro 280 and Pro 420

Silicon Power Launches Hypera microSDXC Express Card
Cameras

Silicon Power Launches Hypera microSDXC Express Card

Samsung announces Watch8, Z Fold7 and Z Flip7
Smartphones

Samsung announces Watch8, Z Fold7 and Z Flip7

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed