Nvidia posts $141 million loss

Tagged: Money, nvidia, Computer Hardware
Source: Fudzilla - Read the full article
Posted: 4 years 15 weeks ago

"Nvidia posted a $141 million loss in its second fiscal quarter, which ended August 1. Losses have widened since the same period last year, when the outfit was $105 million in the red.

Nvidia was forced to cough up $193 million for faulty mobile chips shipped in 2008. Had it not, it would have been profitable, but just barely. The company was also forced to take a significant inventory writedown due to poor demand.

On the upside, revenues jumped 4.5 percent to $811 million, although revenues still failed to meet analysts’ expectations. Nvidia is somewhat more optimistic about the upcoming third quarter and it expects revenues of between $836 and $852 million.

Although Nvidia would probably attribute its inventory issues to poor demand and the increasing popularity of integrated graphics, the obsolescence of much of Nvidia’s discrete GPU lineup is obviously becoming a major issue. Things should improve in the current quarter thanks to the recently introduced GTX 460 and soon-to-launch GF106 and GF 108 parts."
 

 

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Tiv
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They will probably make that 141 million and more just with 460 cards. 

I sleep fine at night knowing we are banning people who deserve it.  Tivon
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ihatenvidia
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oh the joy....

d3uS2029
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BellTollsForThee wrote:Man, someone needs to help them out or they are history!
Intel and ATI are chocking them to death!
oh well im still willing to buy a 460, good job green team with that one atleast

while 141 million dollars is alot to me and you... its peanuts to them. Nvidia is not going anywhere. They have billions of dollars

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Anonymous

The delay was stupid, but if you delay for 6 months (which is a lot) make sure you have a great product at launch. And what NVIDIA did was launch 6 months later and their products were garbage. They barely beat ATi's cards, and produce ten times the heat and consume three times the power of ATi cards. Not to mention they are very very expensive despite having nothing to offer.

BellTollsForThee
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Man, someone needs to help them out or they are history!
Intel and ATI are chocking them to death!
oh well im still willing to buy a 460, good job green team with that one atleast

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d3uS2029
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thats what happens when you delay DX11 cards...

sure they werent needed at the time but ATI jumped the gun and that did it