At least there is some good news within the hardware industry, I can remember not so long ago industry experts were starting to write off NVIDIA after ATi was bought out by AMD, well it seems that this year has been NVIDIAs most profitable. The third quarter of this year has been most impressive for the graphics behemoth, largely due to strong demand for notebook, smartphone and other mobile devices.
For the three-month period ending in October the company posted record revenues of $1.2 billion which is a year on your increase of 12 per cent with profits amounting to $209 million (up 17.3 percent).
The biggest surprise not just for analysts but NVIDIA as well was where their revenue was coming from with the most significant growth being in the Tegra-based smartphone and tablets which has helped NVIDIA push revenue to these record breaking levels. The Tegra chipset is one that is powering Microsoft’s latest tablet called the Surface which runs on Windows 8 RT.
NVIDIA CEO, Jen-Hsun Huang said in a statement that "Investments in our new growth strategies paid off this quarter in record revenues and margins” and also that “Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market.”