nVidia with a new profit record
For the quarter that has just ended, the graphics chip manufacturer from California reports a new record in sales and profit. With sales and profits of 370 and 66.1 million US dollars respectively, the two values are up 42.2 and 31.9% respectively compared to the previous quarter.
Despite the generally ailing PC industry, nVidia seems to be doing well at the moment. The largest competitor ATI was also able to work its way into the profit zone in the third quarter of 2001 after several consecutive quarterly periods of loss, but here the profit is 'only' 2.2 million US dollars with 229.1 million dollars in sales. This is all the more astonishing because ATI manufactures complete graphics cards, whereas nVidia only sells the chips. One reason for this rather large difference could be nVidia's recent successes in the most money-making OEM market and the launch of the nForce chipset. However, it is unknown when this and, above all, how much of the money that nVidia makes from the sale of the Xbox chips to Microsoft will appear in these balance sheets.