Compared to last year, Nvidia is moving in the right direction.
Nvidia reported revenue of $954.7 million for the first quarter of fiscal 2014 ended April 28, 2013. That's down 13.7 percent from $1.11 billion in the fourth quarter of fiscal 2013, though up a little more than 3 percent compared to last year. A similar story played out with regards to Nvidia's net income (profit), which totaled $77.9 million for the quarter, down 55.2 percent sequentially but up 29 percent year-on-year.
Restructuring efforts are paying off for AMD as the PC market transitions to mobile.
Go ahead and fire up Survivor by Destiny's Child and fast forward to the chorus, as there may not be a more appropriate string of lyrics to describe the attitude at Advanced Micro Devices (AMD). With the PC market making a mad dash towards mobile devices and system sales down in general, AMD somehow managed to trim losses in Q1 2013 by about $444 million compared to the same quarter a year ago, beating out expectations in the process.
The sky didn't fall far for Intel, which met its revenue target for Q1.
Analysts can crow all they want about how the PC market is disintegrating, the world's largest semiconductor player still made a killing. We're of course referring to Intel, which today posted first quarter revenue of $12.6 billion, operating income of $2.5 billion, and net income of $2 billion. All of those are down to some extent, but how many businesses would jump at the chance to switch places with Intel?
Compared to a year ago, Nvidia's sales figures are looking mighty strong.
The transition to mobile is barely affecting Nvidia's bottom line, which raked in $1.11 billion last quarter. That's a decrease of 8.1 percent sequentially, but an increase of 16.1 percent year-on-year, the GPU maker said. Furthermore, Nvidia's full year revenue reached a record high of $4.28 billion, jumping more than 7 percent compared to a year ago. Between its GPU and Tegra sales, which grew 7 percent and 90 percent, respectively, from a year ago, Nvidia is firing on all cylinders.
Over 60 million Windows 8 licenses have been sold to date, according to Microsoft.
Microsoft this week announced record quarterly revenue of $21.45 billion for the three-month period ended December 31, 2012. Redmond's Windows Division posted revenue of $5.88 billion, up 24 percent from one year prior, though on a pro forma basis that number slides to 11 percent after factoring in net deferral of revenue for the Windows Upgrade Offer and the recognition of the previously deferred revenue from Windows 8 pre-sales.
AMD's total revenue for 2012 came to $5.42 billion, down 17 percent year-over-year.
Maybe no other company than Advanced Micro Devices (AMD) is more happy to leave 2012 behind. By the numbers, it was a forgettable year for AMD, which raked in $5.42 billion in revenue for the entire year, or $47.88 billion less than Intel did. That's not a fair comparison, though there's no sugarcoating the declining numbers AMD posted. The Sunnyvale chip maker made $1.16 billion during the fourth quarter of 2012, a decrease of 9 percent compared to the previous quarter, and down 32 percent year-over-year.
The Santa Clara chip maker's profit slid 27 percent compared to one year ago.
So the sky might not be falling, but Intel's fourth quarter profit sure did. Intel reported net income of $2.5 billion for the fourth quarter of 2012, down 27 percent from $3.4 billion in Q4 2011. As one might expect, the world's largest chip maker was hurt by a slowdown in PC sales as the market shifts towards mobile devices like tablets, smartphones, and hybrid laptops. Nevertheless, Intel said it wasn't surprised by its Q4 performance.
PC gaming is alive and well, as evidenced by strong Kepler GPU sales that helped steer Nvidia towards record revenue of $1.20 billion for the third quarter of its fiscal 2013 period ended October 28, 2012. That's a gain of 15.3 percent compared to the previous quarter, and a 12.9 percent improvement versus last year, Nvidia said, adding that its energy efficient Kepler GPU architecture continued to make excellent headway in the market place.
Intel, the world's largest semiconductor player, is susceptible to market conditions just like every other company, and right now PC sales are in a slump. Serving up chips to the PC market is Intel's bread and butter, so it strives or struggles at a similar clip, though it's all relative. What do we mean? Well, Intel said it generated $13.5 billion revenue during the third quarter, which is an obscene amount of money, and even a little better than analysts were expecting, but only after the chip maker lowered its Q3 sales forecast.
Hewlett-Packard boss Meg Whitman isn't ready to hit the panic button, even if stockholders are after the company announced financial results for its third quarter ended July 31, 2012. There were some sharp declines in the report, including an $8.9 billion net loss, down a whopping 568 percent from the same quarter one year ago. Net revenue fell 5 percent year-over-year to $29.7 billion, but despite it all, Whitman sees progress being made in HP's comeback tour.