Chipmaker Nvidia recently announced their quarterly earnings report and the company reported a big boost in earnings thanks to the Nintendo Switch console.
Nvidia makes the Tegra X1 chip in the Switch, and considering how Nintendo has sold over 14 million consoles, Nvidia is riding high from the success of the Switch too.
The company’s 4th quarter revenue jumped up 34% compared to last year, and they expect full fiscal year revenues to be up by 41%.
The stock market loved it too and sent Nvidia’s share price up 14%.
Nvidia CFO Colette Kress specifically mentioned the Switch:
“Sales of the Nintendo Switch gaming console contributed to Nvidia’s growth in the quarter. Nvidia’s Tegra processor revenue, which totaled $450 million, was up 75 percent year over year”.
Nvidia and Nintendo are also partnering on another gaming front: the two companies have partnered up to bring Nintendo’s older games to the Shield console in China.
