Nvidia expects game business revenue to reach $2.04 billion in the second quarter, down 44% month-on-month and 33% year-on-year. In contrast, data center business revenue will reach $3.81 billion, up 1% sequentially and up 61% year-over-year.
Just a few days ago,IntelAnd Sony also lowered its annual performance forecast, mainly worried about the decline in demand. Today, consumers are becoming more cautious about buying non-essential items like laptops and video game consoles, leading to some weakness in the gaming industry, which is seen as weathering the downturn.
In this regard, Nvidia CEO Huang Renxun said: “We expect that the macroeconomic conditions affecting sales will continue. To this end, we have taken action with our game partners to adjust channel prices and inventory.”
In the second quarter,XboxmanufacturerMicrosoftInc.’s gaming revenue also fell, while PlayStation maker Sony lowered its forecast, both due to slumping consumer demand for games.