Nvidia cashes in on Xbox chips
C|Net | at | by Mike
Nvidia, the leading maker of graphics chips for PCs and other devices, reported modest sales gains and a sharp jump in quarterly profits Thursday, which it attributed to its deal to supply chips for Microsoft's Xbox game machine.
The company reported net income of $24.2 million, or 14 cents a share, for its second quarter, which ended July 27. That compares with income of $5.3 million, or 3 cents a share, in the same period a year ago and the consensus estimate of 11 cents a share from analysts polled by research firm First Call.