NVIDIA Looking into Automotive Market to Stabilize Tegra Revenue Base
With PC sales going downhill, graphics processor creator NVIDIA is looking into alternate revenue sources.
As reported by Forbes; in the last couple of years, the company managed to significantly grow its Tegra business. Thanks to an increased adoption rate of Tegra chips in mobile phones, NVIDIA managed to increase revenue from $198 million in 2010 to $579 million in 2014.
The company wound down its Icera Modem Operations back in May 2015 to shift its focus entirely on gaming and automotive in order to grow the Tegra division.
Since NVIDIA draws a majority of Tegra revenue from the automotive sector, according to Forbes, strengthening the company’s footprint in the automotive division will help it increase “Tegra revenue base and profitability in the long-run.”
In related NVIDIA news, the company has put up a total of five games on discount for the NVIDIA Shield which include SOMA, LEGO: Jurassic World, Frozen Synapse Prime, Rochard and Beatbuddy. In addition to this, we expect the company to put more focus on GeForce Now experience since it wishes to make it the highest performing system by the end of the year.
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Arslan is one of Techfrag's regular news writers. When not digging out news stories, he is found buried nose deep in fantasy novels, wasted listening to dubstep, or raging against Xbox Live kids. Need I say more?