Nvidia announced in its Q1 earnings that they had brought $924 million in revenue with $60 million in profit.It also projected that they would hit $1.05 billion in revenue for the next quarter up from a previous estimate of $990 million.But coming into what we would expect in the next year it was kinda disappointing as Nvidia said highly anticipated Tegra processor ‘Project Grey’ which will contain built-in connectivity to 4G LTE networks will not be available until 2013. It had previously said that the processor would be ready later this year but now its pushed back to 2013.
This was supposed to be Nvidia’s answer to rivals like the Snapdraggon chips from Qualcomm. But the good news is that LTE isn’t going away any time soon, and Qualcomm is also facing supply problems so it won’t be too much of an issue to catch up.If Nvidia can come out soon with Grey much faster than Qualcomm chips then it would help gain them first mover advantage.
So coming in the near future, “you will see Tegra 3 LTE phones with partners’ baseband processors in the second half of this year and then next year with our own LTE baseband processors as well,” said Nvidia CEO Jen-Hsun.Phones powered with Grey – Tegra 3 LTE won’t be available until the end of 2013.
Source : Slashgear