Nvidia posts Q2 decline in profits and revenue, optimistic over SHIELD console sales

Nvidia has released its Q2 financial report for the period ending June 28, 2013 and it finds the firm with declining revenue and profits, but is full of optimism regarding its SHIELD console.

The firm posted revenue of $977.2 million which is down 6.4% year-over-year, and a 19% year-over-year decline in net income which totaled $96.4 million.

"We look forward to a strong second half, with new Tegra 4 devices coming to market, SHIELD moving beyond the US and broader sampling of Project Logan, our next-generation Tegra processor, which brings Kepler to mobile," said Nvidia CEO and co-founder Jen-Hsun Huang.

"Sales [of SHIELD] have been great," said Chris Evenden, senior director of investor relations. "Everything that we shipped so far has sold out and - but we're just starting to ramp production.

"We've shipped out to our partners only several thousand units, and so it's still quite early to tell. But we're expecting to do quite well with Shield."

Thanks, GI International.