If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Nvidia posts Q2 decline in profits and revenue, optimistic over SHIELD console sales 

Nvidia has released its Q2 financial report for the period ending June 28, 2013 and it finds the firm with declining revenue and profits, but is full of optimism regarding its SHIELD console.

The firm posted revenue of $977.2 million which is down 6.4% year-over-year, and a 19% year-over-year decline in net income which totaled $96.4 million.

"We look forward to a strong second half, with new Tegra 4 devices coming to market, SHIELD moving beyond the US and broader sampling of Project Logan, our next-generation Tegra processor, which brings Kepler to mobile," said Nvidia CEO and co-founder Jen-Hsun Huang.

"Sales [of SHIELD] have been great," said Chris Evenden, senior director of investor relations. "Everything that we shipped so far has sold out and - but we're just starting to ramp production.

"We've shipped out to our partners only several thousand units, and so it's still quite early to tell. But we're expecting to do quite well with Shield."

Thanks, GI International.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Stephany Nunneley-Jackson avatar

Stephany Nunneley-Jackson

News Editor

Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

Comments