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this is ggmania.com subsite NVIDIA's earnings in Q1 FY20 down by 31% compared to Q1 FY19 - TechAmok

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NVIDIA's earnings in Q1 FY20 down by 31% compared to Q1 FY19 - [briefly]
01:54 PM EDT - May,18 2019 - post a comment

NVIDIA has reported revenue for the first quarter ended April 28, 2019, of $2.22 billion compared with $3.21 billion a year earlier and $2.21 billion in the previous quarter. This basically means that the green team saw a drop of 31% compared to its last year's earnings. Still, the good news is that the team also saw a 1% increase from last quarter's earnings. For its second quarter of fiscal 2020, NVIDIA expects its revenue to be $2.55 billion (plus or minus 2 percent). Furthermore, NVIDIA announced a record number of gaming laptop models based on Turing GPUs from the world's top makers, bringing the total launched this year to nearly 100. Rumour has it that NVIDIA will launch some new Turing graphics cards in the third quarter of 2019 in order to rival the launch of AMD's NAVI graphics cards. Although this has not been confirmed yet, it certainly sounds possible (though from what we know so far, NAVI won't be able to top the performance of the RTX 2080Ti so my guess is that we may see new Turing GPUs for the mid-tier market).

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