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Nvidia Falls On Xbox Concerns

Shares of Nvidia fell 5.1 percent today, to $9.98, as analysts reacted to concerns of lower orders for its Xbox graphics chip.

Game Developer, Staff

February 4, 2003

1 Min Read

Lower than expected sales of the Xbox -- and lower sales forecasts -- led Microsoft to ask component suppliers to adjust shipments accordingly. As Xbox chips sales account for about 20 percent of Nvidia's revenue, any decline in orders from Microsoft has a significant impact on Nvidia's bottom line. Microsoft and Nvidia are in a legal dispute as to the pricing of the chips that Nvidia produces. Nvidia has stated that losing the dispute would force the company to sell its chips to Microsoft at a loss.

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