Today we have known NVIDIA’s financial results for the first quarter of 2018, with impressive benefits that establish its position in the market. One of the main reasons for this incredible increase in sales is the mining of cryptocurrencies, a sector that at some point will explode and will make the profits of the different companies in charge of the production of GPUs return to normal profits. This has been recognized by NVIDIA itself “we are about to suffer a great loss of profits for cryptocurrencies”.
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NVIDIA is clear that gamers are its target, the cryptocurrency market is volatile
With this sentence NVIDIA makes it clear that they are aware of the research in this sector and that they know that the benefits will not always be this good. Reason that leads them to continue working for gamers.
The company has ensured that, although the demand is still great, this time they have been able to meet the needs of miners with GPUs dedicated to this task. With this data, NVIDIA ensures that they have been able to protect the graphics card market for gamers, as an example of this, we see that they already have stock of their graphics cards on the official website.
NVIDIA has estimated that in the next quarter the profit obtained by cryptocurrencies will be a third of what they have obtained in this quarter. In addition, this summer the launch of the new ASICs is expected, which will greatly reduce the demand for graphics for mining.
The company’s own CEO, Jensen Huang, has assured that he is convinced that many gamers have been unable to purchase their new graphics cards, due to the high prices they have reached in recent months. Something that is beginning to subside and that will launch many users to finally renew their PC.
With its sales falling by two-thirds, NVIDIA could lose $190 million in profit in its OEM arm in the next quarter. However, with graphics card prices normalizing and games like Fortnite and PUBG on the rise, the company may be able to offset the decline or at least slow it down.
We hope that NVIDIA’s estimates are correct and that soon we can launch our new graphics cards. However, after the big fall they suffered, cryptocurrencies are starting to pick up; We hope that the new ASICs will not be long in coming out.
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