Sales of the nvidia rtx series are lower than expected

Well, below-expected sales of the RTX series shouldn't come as a surprise after knowing the launch price they had, the strange thing is to see NVIDIA support it.

NVIDIA Admits RTX 20 Series Sales Are Not As Good As Expected

The green company openly admitted that its Turing-based RTX graphics cards have been selling "less than expected." And this despite AMD's lack of direct competition. The disclosure comes directly from the company's latest financial report projected for the fourth quarter of fiscal year 2019. The "lower expectations" says it mildly considering that they have adjusted the revenue forecast to remove $ 500 million of what had been originally projected.

Although these new Turing graphics cards offer a new architecture, many have been delayed in purchasing due to high prices. In addition, most are waiting for RTX technology support to appear in games to justify the purchase, which has not yet happened.

What does CEO Jensen Huang think about this?

According to Jensen Huang, founder and CEO of NVIDIA, "The fourth quarter has been extraordinary, unusually turbulent and disappointing. '' " Looking ahead, we are confident in our strategies and growth factors. ''

NVIDIA has reduced projected revenue to $ 2.2 billion, when it was originally $ 2.7 billion in November.

14% drop in stocks

In response to this announcement, Nvidia's share price has already fallen 14%, which is not unexpected given the company's sudden drop in expected revenue. Nvidia's full fourth quarter earnings report will be released on February 14, where we can get a clearer picture of the impact it will have on NVIDIA's economy.

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