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Nvidia ups its game, but forecast is weak

Nvidia (NVDA), known for high-performance graphics processors that enhance the gaming experience, said fourth-quarter net income rose 50% year-on-year to $174 million. Revenue was $1.1 billion, and analysts were expecting another billion-dollar-plus quarter going forward, but Nvidia said that was too optimistic. Apparently still smarting from weak PC sales, the chipmaker now says revenue will be closer to $940 million this quarter, plus or minus 2 percent.

As the PC market stagnates, Nvidia is not sitting still. The company has made big inroads into mobile devices, particularly tablets. At CES 2013, it unveiled its Tegra 4 processor, calling it the world’s fastest chip.

“It’s the world’s first quad core A15, so at the high end lots of performance,” said Tegra 4 product manager Doug MacMillan. “I think the significant thing in the chip is the graphic performance. We’ve gone from a 12-core GPU to a 72-core GPU … it allows us to do amazing things in the graphics space.”

Watch the full interview:

ABOUT AUTHOR

Martha DeGrasse
Martha DeGrassehttp://www.nbreports.com
Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.