Sales of video cards for mining exceeded all expectations
According to sales for the 4th quarter of 2017, Nvidia’s video processors continue to enjoy high demand from the crypto-currency masters.
Commenting on the company disclosing its earnings for the fourth quarter of 2017, Colette Kress, CFO, said the company’s revenue reached $ 2.91 billion for the quarter, up 34% from the same period a year earlier.
Nevertheless, Kress stressed that the demand, which the company had seen months earlier, could change depending on the state of the market for the cryptocurrency.
“Although the impact of mining on our business is difficult to assess, it seems to be significantly higher than in previous years. However, we remain committed to our “game” demand, as the crypto-currencies tend to remain volatile and unstable. ”
The management of Nvidia, including the CEO of Jen-san Huang, was struck by the huge demand for equipment against the backdrop of a total fall in the rates of crypto-currencies. However, many representatives of the company even after that believe that, in the final analysis, mining makes up only a small part of revenues.
The company did not plan an increased profit from the Crypto-currency, as its representatives later reported. On the question of how Nvidia relates to the crypto industry, they answered that they “do not take cryptocurrency seriously”.
“We are seeing a positive trend – there is quite a significant demand in this quarter, but this dynamics is more connected with the great games that are coming out now.”