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Capitalism: Crypto scam fading can hurt GPU sellers
  • Vitaliy_KiselevVitaliy_Kiselev

    Including makers of GPU chips

    Nvidia has reported record revenues of US$3.21 billion for the first quarter ended April 29, 2018, up 66% on year and 10% on quarter, with its net earnings shooting up 244% on quarter to a new quarterly high of US$1.24 billion, due partly to robust shipments of mining graphic cards. The company commanded a 70% share of the mining market segment worldwide.

    And GPU Card makers

    Micro-Star International (MSI), Gigabyte Technology, Asustek Computer, and TUL all posted record revenue and profit performances for first-quarter 2018. Gigabyte, for instance, saw its net earnings skyrocketed five-fold on year and 91% sequentially to a record high of NT$1.61 billion (US$53.75 million) for the quarter, while TUL, dedicated maker of graphic cards, also posted record high net profits of NT$313 million and EPS of NT$10.3 for the same quarter.

    Sudden decline in demand for mining graphics cards in April caused TUL's revenues for the month to plunge 80% sequentially to NT$280 million, the lowest since May 2017.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Asustek Computer has reported net loss of NT$2.82 billion (US$91.5 million) or EPS of negative NT$3.80 for the fourth quarter of 2018, due mainly to a one-time loss of NT$6.2 billion stemming from its smartphone business restructuring. The company's net profits for 2018 went down 73% on year to arrive at only NT$4.24 billion with EPS reaching NT$5.70, a new low since 2009.

    Asustek generated consolidated revenues of NT$88.1 billion for the fourth quarter of 2018, down 6% sequentially and 15% on year. Gross margin for the quarter was 4.1% and operating margin was negative 7.2%. The company's 2018 gross margin was 10.6% and operating margin was 0.8%.

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