NVidia Doing Well By Branching Out
NVidia has announced strong figures for the third quarter, thanks largely to runaway sales of Tegra Chips for mobile devices.
The first Midgard design, the T604, was announced last year, and is currently licensed by Samsung and LG. NVidia Consumer Products Group, encompassing Tegra processors, saw 14% rise to $191 million in Q3. NVidia has been trying to branch out of its core business of PC graphics cards, and last week revealed the latest version of the Tegra chip, the Tegra 3 Kai El, found in Asus Transformer Prime.
In September NVidia Chief Executive Jen-Hsun Huang predicted revenues would exceed $1 billion in 2013. Income from NVidia core GPU Graphics Chip division rose only 1% in the third quarter.More impressive was income growth from graphics cards in mobile workstations, high performance machines used for demanding applications by engineers and video editors and such it reported growth of 9.5% in Q3. Slow growth in developed markets was offset by the explosion in demand in China, were families are beginning to buy their first computers.
Revenue for the quarter was $178 million, whereas one year ago NVidia took just $85 million in the same Q3 period.
Related posts:
- Android turning tablets – 134% increase
- NVIDIA Tegra 3 Quadcore ZTE T98
- Tenfold Increase in Mobile GPU Power
- Whitebox cheaper brands of tablets emerging
- Samsung Outperforms Apple To Take World Number 1 Spot
Sign up to the Gadgetmix Newsletter (free) for news and reviews mailed directly to your mailbox CLICK HERE
