Nvidia’s 39% drop in gaming revenue “has nothing to do with Turing”
Nvidia has released the full details of its stuttering start to the year, divulging its Q1 earnings for 2019. On the whole the green team’s revenue was down 31% compared with the same period last year, with the gaming side - still Nvidia’s biggest sector - suffering a greater drop in revenue of 39%.
But CEO, Jen-Hsun Huang, is adamant the drop in gaming revenue, covering the last two quarters since the RTX and GTX Turing graphics cards have launched, has nothing to do with any failure on the part of the new GPU architecture. Huang claims the launch of Turing has gone better than the phenomenally successful Pascal generation, and that it’s still just the crypto hangover stinging Nvidia’s coffers.
“The entire reason for Q4 and Q1,” says Huang, “is attributed to oversupply in the channel as a result of cryptocurrency, and has nothing to do with Turing, in fact. Turing is off to a faster start than Pascal was and it continues to be on a faster pace than Pascal was. And so, the pause in gaming is now behind us, we're on a growth trajectory with gaming.”
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