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.

Gaming Editor

Published Feb 13, 2020 11:59 PM CST
Updated Nov 3, 2020 11:45 AM CST

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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 over coronavirus | TweakTown.com

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.

Read more: Microsoft says Xbox not targeting 30% profit margin, refuting reports

News Source:nvidianews.nvidia.com

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Anthony Garreffa

Gaming Editor

Anthony joined TweakTown in 2010 and has since reviewed 100s of tech products. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. 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 custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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