NVIDIA GeForce RTX 2080 and GeForce RTX 2070 Sales Lower Than Expected, Gaming Revenue Down 45% – Crypto and Excess Channel Inventory Also To Blame
https://wccftech.com/nvidia-geforce-rtx-20-sales-lower-than-expected-45-percent-revenue-decline/
NVIDIA has released its earnings report for Q4 FY19 with $2.21 billion revenue in total, beating expectations and raising their share price in the after-hours trading. At the same time, NVIDIA posted that their Gaming revenue has seen a drop of 45% from the previous year which means their GeForce sales has taken a major hit.
In the details shared by NVIDIA, the market to market revenue chart shows that Gaming was able to make $954 million in Q4 FY19 compared to $1764 million in the previous quarter. Not only does that make it a 46% decline from the previous quarter, but looking at Year-To-Year results, NVIDIA also saw a 45% decline.