Nvidia reports record sales and profit, with gaming income increasing by 85%.

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Aug 19, 2021.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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  2. TheNipper

    TheNipper Member

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    "Profits of around USD 2.37 billion were earned on total sales of USD 2.37 billion"

    Now THAT's impressive!!
     
  3. TheDeeGee

    TheDeeGee Ancient Guru

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    Gaming must be a typo?

    More like selling Gaming Cards directly to Miners without them ever seeing a retailer.

    Stop twisting the truth leather jacket guy, with ur fancy new noice award... it's not noice at all what's going on.
     
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  4. Fediuld

    Fediuld Master Guru

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    This.
    How's possible EVGA having 6 months delay on the 3080? Something is wrong.

    And before someone tries to defend EVGA/Nvidia, don't tell me that they cannot make 35 GPUs in that period to fill up the queue orders in their store.
     

  5. tty8k

    tty8k Master Guru

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    @Hilbert Hagedoorn

    I hope this article is quoting some other sources and not your own thoughts.
    I have faith that this website should and is promoting real side of the facts not some "political bullshit appearance"

    Those gaming sales are in fact AIB backdoor mining sales, we all know what was the stock situation in the last quarter.
    As for what it would continue to be, let me quote:
    "NVIDIA CEO, Jensen Huang, Says GPU & GeForce RTX Graphics Card Availability Won't Get Any Better In 2022"

    Also, maybe you're not watching/monitoring the real situation but stocks (at least in EU), are on a bad trend again rather than stabilizing, both price and availability wise.
     
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  6. Airbud

    Airbud Master Guru

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    that sure is a nice loophole they have found!... I knew Chinese labor was cheap but I never thought it was free...:p
     
  7. tunejunky

    tunejunky Ancient Guru

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    nothing at all surprising here.
    when a company can sell out its product and sell out the estimated percentage of growth they will make money.

    but of course they also want to look good to their traditional market when the reality is they're being sold out so they put on appearances and say "nice" things. the truth is the growth is in non-gaming markets as the numbers tell the story of o.e.m. growth. mining is a conflict of interest and they try to sweep it under the rug of o.e.m. sales.

    Nvidia is trying to do the right thing with lhr for their traditional market, but they need to redouble their efforts pronto.
    the facts are simple, miners are both greedy and tech savvy so the best thing for Nvidia is to release mining cards separately w/o bling or fancy shrouds with only a single dp. they will be cheaper to make for the AIB and more profitable for AIB and should be sold in different channels than retail.
    but that's only the start, like i said, greedy AND tech savvy.
     
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  8. Embra

    Embra Maha Guru

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    So is mining considered the new "gaming"?
     
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  9. Yogi

    Yogi Master Guru

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    What are you on about? Nvidia has next to no control over what AIB's do with product once the chips have left their factories. If AIB's want to sell pallets of video cards to whomever pulls up to the factory door with a lorry, thats their business. Nvidia (and AMD) still get paid the same amount for chips sold to AIB partners regardless of whether they wind up in your PC or in a mining farm.
     
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  10. Denial

    Denial Ancient Guru

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    Eh maybe. They have a responsibility to their shareholders to accurately convey what channels that inventory is going to. It's currently falling under "gaming" - which creates the illusion that the gaming industry is booming or something when perhaps it's not. They can definitely work with AIBs in order to help track where these cards end up.. probably wouldn't be that accurate, but better than nothing. Seems like already do some form of this because with each quarterly report release they estimate the number of GPUs going to miners in addition to CMP numbers.

    That being said I think people are really getting fixated on labels for whatever reason. AMD for example just throws everything under "Computing & Graphics". If Nvidia did this would people feel better? Would it honestly change anything? Idk.
     
    Last edited: Aug 19, 2021
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  11. schmidtbag

    schmidtbag Ancient Guru

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    I was actually thinking that's shockingly low, compared to Intel's $20.9 billion for 2020, which to me is just utterly mind-blowing when you consider their products are relatively less demanded.
     
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  12. TheNipper

    TheNipper Member

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    I wasn't so focused on the value, just the fact that the article suggests they have made complete profit from revenue!
     
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  13. Airbud

    Airbud Master Guru

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    Yea, that's the best P&L statement I ever saw!... A capitalist wet dream.
     
  14. tty8k

    tty8k Master Guru

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    That's exactly what I said or "AIB backdoor mining sales" translates to something different for you ?
    Gaming sales is just a bullshit cover for where the cards ended up which we all know where.

    Unless we're total idiots.

    Their finance officer saying amazing gaming profits then Jensen saying cards availability still very low till 2022?
    End of story....
     
    Last edited: Aug 19, 2021
  15. Dragam1337

    Dragam1337 Ancient Guru

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    "gaming profits"... yeah right... they know people will be pissed off if they call it what it really is, but what it really is, is "selling supposedly gaming gpus to miners profits"...
     
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  16. FatBoyNL

    FatBoyNL Ancient Guru

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    I'd like to throw a shoe into leather jacket's face for this nonsense.
    If only I had one.. :(
     
  17. alanm

    alanm Ancient Guru

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    The bulk of their business falls under the "gaming" category since forever. The products are "gaming " products. How can they accurately determine what percentage went to mining and what went to gamers in accordance with acceptable accounting practices? Applying percentages to mining/gaming in an accounting statement would require accurate references to the numbers. The cant use the term "approximately" in an accounting statement.
     
  18. waltc3

    waltc3 Maha Guru

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    Included in the nVidia info, nVidia states that 80% of its Ampere GPUs went to gaming purchases--as opposed to miners, I suppose.

    https://wccftech.com/nvidia-80-of-q2-ampere-shipments-were-to-gamers-confident-in-arm-deal-success/

    Of course, nVidia doesn't say *how many* Ampere GPUs they've sold. But at least this clears up the "miners are buying all the new GPUs" myth that we see repeated so often with no supporting evidence...;)

    nVidia CFO:

    "Gaming revenue was up 85 percent from a year ago and up 11 percent sequentially, reflecting higher sales in GeForce GPUs and game-console SOCs. We continued to benefit from strong sales of our GeForce RTXTM 30 Series based on the NVIDIA Ampere architecture. We have introduced Low Hash Rate (LHR) GeForce GPUs with limited Ethereum mining capability and increased the supply of Cryptocurrency Mining Processors (CMP) in an effort to direct GeForce to gamers and CMP to miners. Over 80 percent of our Ampere architecture- based GeForce GPU shipments in the quarter were LHR GPUs[EMPHASIS ADDED]. CMP is included in OEM."

    Seems to boil down to yields, imo, for both the RTX-3k and the RDNA2 GPU shortages from nVidia and AMD, respectively. What really is annoying about these shortages is that both AMD and nVidia are loath to supply any specific information concerning these GPU shortages for the past 7/8 months. We get little more than evasion and obfuscation.
     
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  19. Robbo9999

    Robbo9999 Ancient Guru

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    DISGUSTING!!! That's what this is.....NVidia raking it in whilst gamers are paying stupid money to get cards that are barely in stock.....just disgusting! I think they should be ashamed of themselves....I think they need to give something back to make amends.
     
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  20. bobnewels

    bobnewels Master Guru

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    It is a company they made profits, that is all that matters to the company. All the hurt feelings against a company but yet still buy Nvidia cards,amazing.
     
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