A press release from NVIDIA, a tech firm well known for their excellent graphics technology (Bar my recently exploded GTX 260 GPU. Anyone go a spare fan for one of those?), has shown that the company has been making major strides profit-wise, even in this time of scrimping, saving and general financial hardship.
The company’s profit increased 4.9% by about half a million US dollars between Q2 and Q3, up from 1.02 billion last quarter to 1.07 billion in this one. The main reason behind the tech company’s rising revenue and profit has been attributed to increased sales of NVIDIA Tegra mobile graphics processors, used in high-end mobile and smart phones and tablets designed for gaming and movie watching.
“NVIDIA’s strategy is coming into its own, as the world becomes increasingly visual and mobile,” said Jen-Hsun Huang, president and chief executive of NVIDIA. “Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2’s pace, we’re expecting strong growth in the year ahead.”
The latest Tegra smartphone processors aren’t just popular, they’re also powerful, with the latest Tegra 3 processor packing a quad-core setup, the first of it’s kind to ever be included in a smartphone, and the first to be included in a tablet too – namely the Eee Pad Transformer Prime by Asus, avaliable this December worldwide.
Other Tegra-based tablets on the horizon include the Asus Slider, Sony Tablet S, Sony Tablet P, Toshiba Scorpio 7″, Acer Iconia A100, Sharp Galapagos E-Reader, Dell Streak 10, Lenovo ThinkPad, and Samsung’s Galaxy Tab 8.9.
Another high point for the company includes the choosing of NVIDIA Tesla processors by Oak Ridge National Laboratory, a lab famous for development of the atom bomb, 18,000 of which will be used in the latest supercomputer “Titan,” a machine forecast to be the world’s most powerful machine ever, capable of generating speeds of up to 20 petaflops of raw processing power.
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