Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China
Cointelegraph
Published Jan 28, 2019 02:20PM ET
Updated Jan 28, 2019 03:02PM ET
Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China
Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28.
The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets. Q4 revenue is expected to be at $ 2.20 billion, opposed to the previous projection of $2.70 billion according to a statement released by Nvidia on Jan 28.
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Written By: Cointelegraph
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