Stuff South Africa

Nvidia made $5 billion last year, despite semiconductor supply shortages

Nvidia makes some of the best graphics cards on the market and wouldn’t you know it, that high quality has translated into a disgusting amount of money. Who would have guessed?

Towards the end of 2020, Nvidia unveiled its new range of GPUs, the GeForce RTX 30 series that blew everyone away. Unfortunately, as amazing as those cards are, they were also difficult to get hold of as the COVID-19 pandemic placed serious strain on Nvidia’s production line. Despite that, it turns out Nvidia ended up selling plenty of GPUs as the company made $5 billion in Q4 last year.

That’s a stack of cash to make in a single quarter. The information came out of a recent investor call where Nvidia revealed that Q4 profits were up  by 61% year-over-year. What’s even more impressive is that the company is projected to make another $5 billion in Q1 of 2021, which is usually considered to be the slowest quarter for most tech corporations. Either everyone wants their games to look better than ever or that bitcoin isn’t going to mine itself.

Nvidia

Nvidia in short supply

Bear in mind that those numbers were made despite the company struggling with an ongoing supply shortage, brought on in part by a greater semiconductor shortage. The investors call also revealed that the biggest market for the new GeForce RTX 30 series was the gaming industry (who would have guessed?) and even though the company was struggling to match supply to demand it was still able to cater to folks looking to upgrade their PCs.

Nvidia also announced that it was taking steps to ensure that gamers would be more likely to get their hands on a 30-series GPU rather than bitcoin miners by including software on the cards that makes them mine Ethereum at half the rate than they could. That’ll teach you, bitcoin miners!

Source: The Verge

 

 

Exit mobile version