What you need to know
- NVIDIA recently revealed its financial results for the last quarter.
- The net income decreased by 50 percent while revenue is down 17 percent.
- The video game industry is a volatile place.
- Increased competition from AMD may have been one of the factors.
The video game industry is a tough market and even established companies have a hard time. Today, the graphics card manufacturer, NVIDIA, announced its financial results (opens in new tab) for the second quarter of the fiscal year. Unfortunately, they're not that good.
While the company didn't register a loss, net income is down 50 percent and revenue is down 17 percent. You can read an excerpt from the financial report below.
Despite the fact that NVIDIA may not be selling as many cards, that didn't stop Jensen Huang, the founder of NVIDIA, from painting an optimistic picture. "We achieved sequential growth across our platforms," said Huang. "Real-time ray tracing is the most important graphics innovation in a decade. Adoption has reached a tipping point, with NVIDIA RTX leading the way."
Next-generation consoles are around the corner and Microsoft claims that Project Scarlett features hardware-accelerated ray-tracing support. It'll be interesting to see how AMD's implementation stacks up with NVIDIA's in the coming months.
Cheap PC accessories we love
Take a gander at these awesome PC accessories, all of which will enhance your Windows experience.
Anker 4 port USB 3.0 hub (opens in new tab) ($10 at Amazon)
Whether on a desktop or laptop PC, you always need more ports to connect things to. This hub gives you an additional four USB 3.0 Type A ports.
Ikea Fixa Cable Management System (opens in new tab) ($11 at Amazon)
This IKEA cable management kit is your ticket to a clean setup. It's simple and functional.
NZXT Puck (opens in new tab) ($20 at Amazon)
This clever little accessory has powerful magnets on the rear to make it stick to any of the metal panels on your PC case or anything else. It's great for hanging accessories like headsets.
Asher Madan handles gaming news for Windows Central. Before joining Windows Central in 2017, Asher worked for a number of different gaming outlets. He has a background in medical science and is passionate about all forms of entertainment, cooking, and antiquing.
It will be intresting going forward as AMD seem to have the up on Intel and its looking like the AMD cards are also having the up on Nvidia plus with cards like the 1070ti less need to update cards as quickly
But from the recent Steam survey, AMD's CPU only has 25% (cannot remember the exact number but surprising low) share.
Get the best of Windows Central in in your inbox, every day!
Thank you for signing up to Windows Central. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.