He must have been looking at total revenue and not just GPU.
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A1xLLcqAgt0qc2RyMz0y
Veteran
The SOURCE(s) stated profits not revenues. Nvidia's GPU Profits, Margins and Revenues were all up Q-Q and Y-Y.
So the source(s) statement that Nvidia can't adjust prices because "profits were lower than expected" is complete nonsense.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTk2NzE2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
The article is about desktop GPUs and profits, while your quoted numbers are about revenues of desktop+professional GPUs (together).
A1xLLcqAgt0qc2RyMz0y
Veteran
Since 2013Q4 Nvidia combined the desktop and professional segments into one segment called GPU so that means the Source(s) has no knowledge at all of what profits or revenues are from the desktop or professional markets.
The Source(s) are just making stuff up.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTcxNjMzfENoaWxkSUQ9LTF8VHlwZT0z&t=1
Silent_Buddha
Legend
Considering that Nvidia's discrete GPU shipments are down across the board, it's not hard to deduce that their discrete GPU business might be suffering from lower than expected profits...
http://www.techpowerup.com/188980/a...ia-down-according-to-jon-peddie-research.html
Which is a larger decline than the overall 5.5% decrease in total PC discrete GPU shipments.
Regards,
SB
A1xLLcqAgt0qc2RyMz0y
Veteran
Might - How about not at all.
I don't understand, why not read Nvidia's CFO's report that I have linked to in previous posts for the most recent quarter ending July 31, 2013. In it it most clearly states that GPU revenues for the most recent quarter were $858.6 million compared to the previous quarter 758.6 million and the quarter a year ago 798.6 million.
Also the CFO stated that revenue gains were in Desktop, Workstation and Server.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTk2NzE2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
Unit shipment declines also does not have to equate to revenue or profit declines if ASP's (Average Selling Price) rise. And for Nvidia they rose quite a bit because of the tilt to the high end.
For example for every Titan sold at $1000 they could lose ten GT640 sales at $90 and still come out ahead.
Revenue share is a much better indicator than unit share. This most recent quarter is a prime example as to why to not trust unit share reports alone as they may paint a picture that is far from reality.
And I most certainly trust a document that has to be filed with the SEC over some hack reporter from DigiTimes or Techpowerup who doesn't even try to do basic research.
The problem is they sold a lot more of low end to OEM that they sold of Titan on retail / direct consumer and the ratio is not 1/10.. then, it have been confirmed that 700 series have not sold really well.... So it was not abnormal to see a decrease on GPU shipments. We see many user on Entusiast site got a Titan, but this is not really representative of how they sold outside thoses forums to gamers..
But serisouly, since when Enthusiast gpu's drain so much sold ? Even 550-600$ gpu dont drain much sold, so a 1000$ card ? i dont expect it.
Year to year they have a decrease of revenue of 6.8%, quarter to quarter, they have win 2.4% ( dont remember the exact numbers ).. thats all.. Dont expect JH pull down his company in front of international bank and financial reviewers, stockholders. Better to dont do it if you dont want see your stocks shares loosing more point.
I think their workstations and order for tesla have increased steady since the K20 .. and today the order from OEM workstation brand of the Quadro (K6000 maybe, but specially other as i dont think the K6000 outside OEM order is really yet sold ) should be for a good part of their revenue.
I dont think that Titan was a so good revenue drainer for this last quarter, maybe a bit on the launch, really not sure now it is again the case. ( if it have really be a good revenue drainer one day ).
The result of Nvidia are not bad, nor good.. cant really do much a case of it.
But serisouly, since when Enthusiast gpu's drain so much sold ? Even 550-600$ gpu dont drain much sold, so a 1000$ card ? i dont expect it.
Year to year they have a decrease of revenue of 6.8%, quarter to quarter, they have win 2.4% ( dont remember the exact numbers ).. thats all.. Dont expect JH pull down his company in front of international bank and financial reviewers, stockholders. Better to dont do it if you dont want see your stocks shares loosing more point.
I think their workstations and order for tesla have increased steady since the K20 .. and today the order from OEM workstation brand of the Quadro (K6000 maybe, but specially other as i dont think the K6000 outside OEM order is really yet sold ) should be for a good part of their revenue.
I dont think that Titan was a so good revenue drainer for this last quarter, maybe a bit on the launch, really not sure now it is again the case. ( if it have really be a good revenue drainer one day ).
The result of Nvidia are not bad, nor good.. cant really do much a case of it.
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If you say so, it must be true, I guess, but where did you see this confirmed?
All I heard from the horse's mouth was that desktop GPU was strong and that Tegra was really bad.
As for Titan not selling well? Who knows. The boutique builders seem to think differently:
http://techreport.com/news/25197/as-overall-pc-market-declines-growth-expected-in-gaming-hardware
Nvidia's SoC mobile share craters year over year. They are having quite a bad week.
http://jonpeddie.com/publications/mobile-devices-and-the-gpus-inside/
http://jonpeddie.com/publications/mobile-devices-and-the-gpus-inside/
Silent_Buddha
Legend
So, the market grew by 81% over the course of 2 years. While Nvidia's share of the market shrank by 71.4% during those same 2 years.. So, not terribly good that they are worse off in both market share and product shipments over that time frame. Stagnating so early and for so long (relative to the mobile SOC boom timeline) in a booming market doesn't indicate big growth potential. But they still have time. See what they can do in the next 2 years. There's still time to turn things around.
Regards,
SB
Bouncing Zabaglione Bros.
Legend
Problem is they are up against the likes of Qualcomm and Samsung, with what looks like Microsoft and Intel entering the market over the next couple of years.
It was very obvious that NVIDIA's marketshare would decline dramatically in 1H 2013 because T4 production had not yet ramped up while T3 production was ramping down. If one compares 2H 2013 to 1H 2013, or 1H 2014 to 1H 2013, then NVIDIA will have a huge increase in marketshare over this arbitrary time period. That is just the nature of the beast.
Silent_Buddha
Legend
If you choose any arbitrary short time period, one quarter or one half, you can make anything look good or at least not bad.
This is a report looking at 2 years worth of shipments. It is basically sayng that Nvidia has had a horrible performance record for the past 2 years when the mobile SOC market almost doubled in size.
Every company ramps up and down production for new and old chips over any given period of time. Over 2 years that represents multiple products being introduced and EOL'd. That includes Samsung as well as Nvidia.
If this was just showng an isolated quarter or two, then you might have a point. But in those 2 years, Nvidia has gone through Tegra 2 and Tegra 3. Yes, I know you and others think Tegra 4 is the savior that will reverse the trend of Nvidia becoming even more marginalized in the mobile SOC space. It may or may not happen.
The mobile SOC market is primed for another potential for explosive growth over the next 2 years as tablet adopton in China is growing and expected to grow at a much faster rate over the next 12 moths.
Nvidia has an opportunity to capitalize on that if they can come out with a competitive SOC and convince tablet makers to use them. There's been some promising signs with some nice product wins, but we'll have to see more of those and see how well they sell in the Chinese market.
Regards,
SB
UniversalTruth
Veteran
-.-
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One interesting tidbit from the NVDA conf call: they're on track to have automobile contribute $450M/year by fiscal 2016. That's more than 10% of the their current annual revenue and must be very high margin. And to be question how likely it is that they will make that number: "We already have it. You know design wins are shipping as many years as you know in the car. And so it's multi-years, yet to work on a project for couple two, three years before you ship it. So we already have it."
This should be many years of very stable income. Probably most of it dirt cheap Tegra 3.
This should be many years of very stable income. Probably most of it dirt cheap Tegra 3.
UniversalTruth
Veteran
Again? Isn't this a quite old news already?
And if not, what is AMD going to do now anyways? If those team up to fight with the small weak AMD, then things for the last would go from bad to worse
Looks like it's still the same 3 year old agreement, just somehow popping up in the news again.
http://newsroom.intel.com/community...ew-patent-cross-license-agreement-with-nvidia
http://newsroom.intel.com/community...ew-patent-cross-license-agreement-with-nvidia
I had missed the NVDA results past week.
A quarter ago they said that they were on track to have $450M/year in automobile business for fiscal year 2016 (2015 basically.)
This time, they said "our automotive business has a $2 billion pipeline". Now that's for sure spread over multiple years, but it's still a very respectable number. They've been talking up K1 for automobile quite a bit, so it probably going to be more than just Tegra 3. They also said that they have now a separate automotive business unit.
If they can make this happen (and increase it), it could really put a very nice cushion under their whole Tegra business.
Other points of interest: their consumer GPUs are still growing in a very healthy way. Notebook chips are down in line with the general market, but high-end GTX seems to be doing great. (Spill-over from the Litecoin craze?) YoY GM is up accordingly.
And, finally, in terms of growth rate, they're very bullish on Quadro GRID deployment. I wonder how big the market for GPU accelerated virtualization really is, but they clearly must be seeing some kind of traction.
They're also putting the construction of a new HQ on hold. I can't think of a more bullish indicator! (See Silicon Valley New Office Curse.)
A quarter ago they said that they were on track to have $450M/year in automobile business for fiscal year 2016 (2015 basically.)
This time, they said "our automotive business has a $2 billion pipeline". Now that's for sure spread over multiple years, but it's still a very respectable number. They've been talking up K1 for automobile quite a bit, so it probably going to be more than just Tegra 3. They also said that they have now a separate automotive business unit.
If they can make this happen (and increase it), it could really put a very nice cushion under their whole Tegra business.
Other points of interest: their consumer GPUs are still growing in a very healthy way. Notebook chips are down in line with the general market, but high-end GTX seems to be doing great. (Spill-over from the Litecoin craze?) YoY GM is up accordingly.
And, finally, in terms of growth rate, they're very bullish on Quadro GRID deployment. I wonder how big the market for GPU accelerated virtualization really is, but they clearly must be seeing some kind of traction.
They're also putting the construction of a new HQ on hold. I can't think of a more bullish indicator! (See Silicon Valley New Office Curse.)
Considering the huge performance gap between GeForces and Radeons in Litecoin mining, that's unlikely. I think it's just the current strength of the gaming PC market.
If recent rumors that Broadwell is delayed are correct, it may also be good news for NVIDIA, as the new family of CPUs was expected to feature much better integrated graphics that would have eaten further into NVIDIA's notebook discrete market. On the other hand, I suppose it may also weaken demand for notebooks in general, so I'm not sure it really is a good thing.
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