Nvidia forecasts massive Q4 revenue drop
Sales down 40 to 50 per cent
Nvidia has warned that its revenue will fall sharply below previous estimates due to collapsing demand from end-users and PC makers in the global recession.
The graphics chip maker now expects to report a decline in its fiscal fourth quarter sales of between 40 and 50 per cent compared to the previous quarter. Based on its third quarter revenue of $897.7m, Nvidia now expects Q4 sales to fall to between $538.62m and $448.85m.
In a November conference call with investors, Nvidia projected a sales decline of only about 5 per cent.
In fiscal Q4 the previous year, Nvidia reported revenue of $1.20bn.
The company blamed its massive revenue whiff on "further weakness in end-user demand and inventory reductions by Nvidia's channel partners."
The company will report its fiscal Q4 earnings on February 10. ®
Did they really expect people to upgrade their graphics card every three months for ever?
im not suprised
I Tried to buy a iCore 7 System with 4 gig of ram and 2X nvidia 280 GTX just after christmas and lo and behold I didnt get the credit cause i have 3 dependants.
What a shocker !
And people wonder that the end user isnt buying shit its cause we cant get the f'ing credit !
i would be more than happy to pay over the next 3 years for that system.
But i refuse to buy a half cocked computer that would need replacing in 7 months i need something that will last !!
And I'm sure the massive write off on defective chipsets from the past year don't help either.
But then an economic downturn is the best time to write off stuff like that when everyone else is posting poor results.