Nvidia: GeForce RTX 3000 shortages could persist for ‘several months’ – Computer – News

The shortages of Nvidia’s RTX 3000 video cards could persist for several months. That reports the chief financial officer of Nvidia during a conference call with shareholders. In addition, the company reported record sales in the past quarter.

“Although we anticipated strong demand, it even exceeded our expectations,” he said reported Colette Kress during the conference call. The chief financial officer cites, among other things, ‘capacity problems’ in the hardware sector as the reason for the shortages. As a result, it may take a few months before Nvidia can keep up with this demand. Nvidia CEO Jensen Huang previously reported that the shortages around the RTX 3000 GPUs will continue until 2021.

Nvidia also presented this week his most recent quarterly figures. The company also speaks of a ‘record turnover’ of approximately 4.73 billion dollars during the past quarter. Converted, this amounts to approximately 3.99 billion euros. In addition, net income was approximately $ 1.34 billion. That’s an increase of 49 percent over the same quarter in 2019.

Nvidia’s sales from consoles also increased, Colette Kress reports. Chips from Nvidia are used in the Nintendo Switch. There is currently a lot of demand for that console; in the past quarter, according to Nintendo 6.86 million Switch consoles shipped. The company’s data center division also achieved relatively high sales of $ 1.90 billion this quarter. A year ago that quarterly turnover was still 726 million dollars.

Nvidia introduced its first GPUs in the RTX 3000 series on September 1 and brought of RTX 3080 two weeks later, although the video card sold out quickly. The same happened with the releases of the RTX 3090 and RTX 3070. Competitor AMD released on November 18th his first RX 6000 video cards out, although Dutch webshops on that date had no stock. The video cards were available through AMD’s own webshop, although the video cards were also sold out relatively quickly there. Partner cards with custom design will follow on November 25.

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