NVIDIA Records First Billion Dollar Quarter
With the big hitters like Microsoft, Sony, Apple, and AMD weighing in over the past couple of weeks, it's time to see how Nvidia fared in the 3rd fiscal quarter. Well, not to be left behind, Nvidia reported 1.12 billion dollars in revenues this past quarter. Net income was almost $236 million, a 121% increase over last year. Revenue this year for the chipmaker is $2.9 Billion, pulling out a net income of $540 million. Nvidia reports that part of its earnings were from the increase in desktop graphics cards, and the substancial 120% increase in demand for mobile graphics chips.