Graphics card manufacturer Nvidia has published a financial guide, which reported a decline in forecasted revenue in the fourth quarter of 2019 fiscal year from $2.7 billion to $2.2 billion.
According to the company, the decline in demand for graphics cards is not a surprise, he was included in earlier forecasts. The factors of the deterioration in the Nvidia include global economic uncertainty, particularly in China, which reduces the demand for products not only from the miners, but also ordinary gamers.
“The fourth quarter was unusual, extremely turbulent and disappointing,” — said the head of Nvidia Jensen Huang.
2019 fiscal year ends on January 31. The full financial report Nvidia will release on February 14.
Earlier ForkLog reported that since the beginning of October to mid-December, Nvidia shares fell by almost 50%.
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