Nvidia Yesterday, Wednesday, it published the income report for the third quarter of fiscal year 2022, and in this report, it is mentioned that the release of new generation Ada Lovelace and Hopper graphics cards has faced an increase in sales. As expected, the company’s overall gaming equipment sales have experienced a decrease compared to the third quarter of 2021, but at the same time, data center hardware, including the latest computational graphics processors, have experienced good sales.
In addition, the demand for the latest GeForce RTX 40 series of gaming GPUs is so high that Nvidia has not been able to provide adequate inventory to meet the market demand. Nvidia’s revenue in the third quarter of this year is 5.93 billion dollars, which is a 12% decrease compared to the previous months and 17% compared to last year.
Nvidia has been very successful in the data center and automotive sector, but has appeared weak in the gaming sector
In this regard, the sales of gaming and home graphics cards decreased in the third quarter of 2022, and the revenue of Nvidia’s gaming division was reported to be 1.57 billion dollars, which is a 23% drop compared to the previous quarter and 51% compared to the same period last year. In the cheaper gaming and mining graphics card segment, the sales of these products have reached the lowest value in recent years and totaled 73 million dollars.
Meanwhile, as Nvidia launched its high-end gaming graphics cards GeForce RTX 4090 and RTX 4080 this quarter, sales of these products compensated for the slow sales of the RTX 30 series. Both high-end graphics cards from the RTX 40 series that are available today have a unique commercial position, so far these products are considered the best gaming and home GPUs and currently have no direct competitors, and the secondary market for them is currently did not exist
However, not everything in this regard is suitable for these cards and since these products have a price between 1200 and 1600 dollars, their sale can be a bit difficult due to the high price and reduced inventory.
At the same time, Nvidia’s business is considered very suitable in the industrial and data center sector, and according to reports, the company’s quarterly revenue was 3.83 billion dollars, which is an increase of 1% compared to last year and 31% compared to previous months. Nvidia’s chips and products are also active in the automotive market, and the company has recorded a very positive performance in this market, with an 86% increase in revenue.
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