Several quarters of the big rash end in a headache for the chip developer with the collapse of demand for video cards
Companies have feared this in the past and have expressed it publicly - and now the estimates are already in reality: with the rapid decline in demand for graphics cards for digital coin mining comes the fall in sales volumes and average purchase amounts, which pulls down the financial data of NVIDIA, Similar to what happened to the I HAVE D And even worse.
NVIDIA revealed its data for the end of the fiscal year of 2019, which ended last January, and as was previously expected - there are not many positive news for it.
Jen-Sun Huang's company reported revenue of 2.205 billion (which actually exceeded analysts' expectations after announcing a cut in the amount of 500 million last month) and 567's net profit of $ 1 million - but the main story here is the fall of 45%Geforce And a decrease of 46 in revenues compared with the previous financial quarter, which together attests to the significant bubble that has developed around the world of crypto currencies and the lower than expected demand for the C-Geforce RTX Advanced but very expensive.
All divisions of NVIDIA Recorded a decline in revenues compared to the third quarter of the year, but this is not an overly surprising figure based on the familiar turnover - a more fair comparison with the corresponding fourth quarter of fiscal year 2019 reveals a continued growth in card sales tesla And cards Quadro As well as an increase in the business of the smart vehicle world, along with a decline in technology and chip revenues designed specifically for third party companies and of course the expected fall in the home market.
It is worth emphasizing that NVIDIA Continues to be a successful and profitable company today, as it completes the calendar year 2018 and the fiscal year 2019 with record revenues and record profits of 4.1 billion - but there is no doubt that changes in approach and increased efforts will be required to please all shareholders and return to the breaking track The unceasing climax with which the company marched until recently. We hope that a wider variety of products and more competitive prices will be part of the process.