By Darren Allan
Nvidia has announced its latest financial results, and the GPU giant made the unusual move of clarifying exactly how much money it had raked in from selling graphics cards to cryptocurrency miners – alongside the revelation that these sales will drop massively in the next (currently ongoing) quarter.
And that would obviously be good news for gamers, particularly when you consider that yesterday, we saw GeForce graphics cards come back into stock at retailers in a big way (following recent shortages).
As Bloomberg reports, Nvidia admitted that demand from the cryptocurrency market had been stronger than the firm expected in fiscal Q1, with sales totaling $289 million (£215 million, AU$385 million). Projected earnings were around $200 million (£150 million, AU$265 million), incidentally.
However, in an earnings call, the company said that crypto sales would likely drop by about two-thirds in the current fiscal quarter.
Yes: two-thirds. Combined with the aforementioned stock levels of GPUs bouncing back, this should herald an end to any graphics cards shortages, and gamers having to pay far more for a GeForce product than the recommended asking price.
Record revenue
How much did Nvidia make in total in the quarter? Well, it was another record-setting affair with …read more
Source:: techradar.com – Computing Components
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