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NVIDIA adjusts outlook by $100 million over coronavirus

NVIDIA pulls out of MWC 2020 because of coronavirus, but also reduces outlook by 2019 because of it too

By Anthony Garreffa on Feb 13, 2020 11:59 pm CST - 0 mins, 49 secs reading time

NVIDIA completely pulled out of Mobile World Congress before the MWC organizers GSMA canceled the event, all over coronavirus.

nvidia-adjusts-outlook-by-100-million-in-2019-because-of-coronavirus_23

The coronavirus outbreak and fears globally have also pushed NVIDIA to reduce its revenue outlook for the first quarter of fiscal year 2021 by $100 million over the disease outbreak. NVIDIA's earnings reports for fiscal year 2020 were stellar, with revenues of $10.92 billion -- down 7% from the previous year.

Still, NVIDIA's recent Q4 2019 revenue ended on January 26, 2020 saw them pull in $3.11 billion -- up a huge 41% from the previous year with its $2.1 billion. This is all thanks to its gaming technologies like GeForce graphics cards and NVIDIA's big push into AI.

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Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

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