Nvidia posts revenue and profit growth thanks to "highly anticipated blockbuster PC games"
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Nvidia's financial results for Q3 saw an increase in revenue of $1.1 billion compared to $843.9 million yoy and in profits with $178.3 million compared to $84.9 million yoy, thanks in part to increased interest in "highly anticipated blockbuster PC games." The firm noted growth in desktop GPU sales, naming Battlefield 3 as a major factor, along with Modern Warfare 3 and Star Wars: The Old Republic.
"We believe this surge of PC gaming demand will drive increased demand for NVIDIA's GeForce products despite the soft consumer PC market," said Nvidia's Rob Csongor. "We expect a multiyear PC gaming cycle, as the PC becomes increasingly more powerful than 5 to 6-year-old gaming consoles." Thanks, Gamasutra.