Nvidia
Weak Demand For New GPUs Hits Nvidia Revenue
Last week, presented its earnings for the fourth quarter of its 2019 fiscal year. Even though the company experienced a 21 percent gain in full fiscal year revenue, it suffered a 45 percent year-over-year loss in gaming GPU revenue. Nvidia cited several factors for the poor performance, particularly weak sales of its new Turing RTX 2070 and 2080 graphics cards.
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This chart shows Nvidia revenue by fiscal quarter (million U.S. dollars).
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