GPU maker Nvidia is seeing trouble ahead, thanks to a slump in PC sales and a strong US dollar.
The company’s astrologers and tarot card readers have Nvidia predicted lower-than-expected revenue for the second quarter either that or someone is going to meet a tall dark stranger.
Nvidia also reported first-quarter revenue and profit below what the cocaine nose jobs of Wall Street estimated.
Chief Financial Officer Colette Kress said that there had been a fall in demand from OEMs and PC market which is softer than an Apple fanboy’s bottom.
Worldwide PC shipments fell about 6.7 percent to 68.5 million units in the first quarter, and are expected drop 4.9 percent during the year.
Rival chipmaker AMD reported a steep fall in first-quarter sales last month and said it expected weak demand for PCs to continue for some time.
Nvidia was also hurt by the strong dollar, which has risen about 9 percent. The outfit does a lot of its business in US dollars which has made its GPU gaming more expensive.
The outfit forecast second-quarter revenue of $1.01 billion, plus or minus two percent, below the average analyst estimate of $1.18 billion.
The company’s net income fell to $134 million in the first quarter ended April 26.
Revenue rose 4.4 percent to $1.15 billion, but missed the average estimate of $1.16 billion.
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