NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023

[Dr. Dro]

Lol you have a 3090, which is still faster than 99.5% of GPU out there, yet you feel bad because you can't upgrade? that's just self-own you know.

It's like a guy driving a Ferrari getting jealous of Bugatti-driver LMAO

I wouldn't call a 3090 a GPU faster than 99% of cards out there anymore, especially not a standard 2x 8-pin power limited model, but I'll live, for now. It's probably going to perform like a fancy, 24 GB 4070 that chugs power and can't do DLSS 3.

But it's also the first time I'll be running a GPU through two full generations, and that's just absurd. We are on a tech enthusiast forum, you know? I'm glad to have it but it's also almost three years old, and that is a geological age in the PC landscape.

I don't get posts like these. Nvidia is not a charity. Why do you expect them to drop prices when their competitor offers less for similar money? I mean you do realise that, at actual launch prices, the 4070ti was the best performance per $ card right? And that's just raster, completely ignoring efficiency, rt performance, dlss, fg etc.

Is it expensive? Sure.
Is it more expensive than it should be? Sure.

But it was still the best value card so, whatever, I wouldn't drop prices either when inferior products were even more expensive

The entire point of new hardware generations is to bring feature and performance per watt/dollar improvements to the customer. Ada product stack was cut in a way that none of the SKUs offer anything substantial, except for the 4090, which is being sold in a high yield, poor quality silicon configuration - with a large amount of disabled cache slices and SM units. But the prices sure have gotten much higher, especially in a global context.

Meanwhile I'm sure Nvidia is building inventory of fully enabled AD102 chips for a refresh cycle.

 

[fevgatos]

The entire point of new hardware generations is to bring feature and performance per watt/dollar improvements to the customer. Ada product stack was cut in a way that none of the SKUs offer anything substantial, except for the 4090, which is being sold in a high yield, poor quality silicon configuration. But the prices sure have gotten much higher, especially in a global context.

Meanwhile I'm sure Nvidia is building inventory of fully enabled AD102 chips for a refresh cycle.

Well you are missing my point. Jensen had the best value for money card at launch. Yet we expect the company with the best value products to... drop their prices. I mean why would they? They are going to drop prices when their competitor undercuts them. Amd took a step forward with the very recent price cuts on the XT and the xtx but they need a bigger one to make nvidia drop prices.

I just checked one of the biggest EU retailers, 4080 is available for 1329 while the xtx is at 1200. Not a big enough difference to go for the amd card, so why the hell should or would nvidia drop prices?

 

[Dr. Dro]

Well you are missing my point. Jensen had the best value for money card at launch. Yet we expect the company with the best value products to... drop their prices. I mean why would they? They are going to drop prices when their competitor undercuts them. Amd took a step forward with the very recent price cuts on the XT and the xtx but they need a bigger one to make nvidia drop prices.

I just checked one of the biggest EU retailers, 4080 is available for 1329 while the xtx is at 1200. Not a big enough difference to go for the amd card, so why the hell should or would nvidia drop prices?

Does that really matter, though? Having the least bad product doesn't make it a good product by default.

These prices are not normal or acceptable, you're talking 1329 euros on a 4080.

 

[fevgatos]

Does that really matter, though? Having the least bad product doesn't make it a good product by default.

These prices are not normal or acceptable, you're talking 1329 euros on a 4080.

Οf course it doesn't make them a good product, it just makes them a product you are not willing to drop it's prices when your competitor isn't...competing. When the 4080, even at that - I agree - absolutely bonkersly ridiculous price, is probably the better buy, why the heck would you drop prices if you were nvidia? If anything it's amd that needs to keep dropping their prices

 

[maxfly]

Well you are missing my point. Jensen had the best value for money card at launch. Yet we expect the company with the best value products to... drop their prices. I mean why would they? They are going to drop prices when their competitor undercuts them. Amd took a step forward with the very recent price cuts on the XT and the xtx but they need a bigger one to make nvidia drop prices.

I just checked one of the biggest EU retailers, 4080 is available for 1329 while the xtx is at 1200. Not a big enough difference to go for the amd card, so why the hell should or would nvidia drop prices?

Sorry, that argument holds no water. Despite huangs best attempts at restricting ada supply he still hasn't successfully increased its demand in any appreciable way. Ada was supposed to be the next coming of GPU god, yet they've only managed to improve qoq by 16%. We're talking about the 4th qtr btw, the most lucrative of the year. 16% is a joke for a new release...they should have done that in November alone.
Pricing juuust might have had a lil sumthin to do with that. Nvidia could have crushed it last quarter if they had simply LED the way with common sense price points rather than trying to continue to forcefeed pandemic pricing. They chose to suck the crypto teat far to long.

Trying to use AMDs pricing as the scapegoat is ridiculous. Nvidia released first. Nvidia releases first...AMD follows. Always has, always will.

 

[fevgatos]

Sorry, that argument holds no water. Despite huangs best attempts at restricting ada supply he still hasn't successfully increased its demand in any appreciable way. Ada was supposed to be the next coming of GPU god, yet they've only managed to improve qoq by 16%. We're talking about the 4th qtr btw, the most lucrative of the year. 16% is a joke for a new release...they should have done that in November alone.
Pricing juuust might have had a lil sumthin to do with that. Nvidia could have crushed it last quarter if they had simply LED the way with common sense price points rather than trying to continue to forcefeed pandemic pricing. They chose to suck the crypto teat far to long.

Trying to use AMDs pricing as the scapegoat is ridiculous. Nvidia released first. Nvidia releases first...AMD follows. Always has, always will.

Of course he would have sold more if the prices were lower, but it's not like cards will go bad. He can keep the prices there until amd decides to compete, he is already outselling them by a lot so...

Also, the 4070ti released last. Still undercut the 7900xt and it took amd months to respond with a pricecut, so there is that

 

[Dr. Dro]

Of course he would have sold more if the prices were lower, but it's not like cards will go bad. He can keep the prices there until amd decides to compete, he is already outselling them by a lot so...

Also, the 4070ti released last. Still undercut the 7900xt and it took amd months to respond with a pricecut, so there is that

You're conveniently overlooking that Jensen's intention was to release the 4070 Ti at $900 as the RTX 4080-12GB, until it was made quite apparent that the gulf in processing power between it and the RTX 4080 proper was too big to ignore, and that the product that eventually became the 4070 Ti would not deliver the expected performance of an RTX 4080-tier product.

Thus, NVIDIA ordered AIBs to cancel their already completed designs and to hold onto it until they figured a solution - which was this bizarrely earnestly released 4070 Ti, a segment which they usually reserve for the refresh cycle. They adjusted the price downwards by $100 eating a bit into their own margins because $800 is already enough of a laughing stock for this segment, but $900 would be so unpleasant that I don't think they would receive ANY good press on that product at that price point, with that market segmentation to boot.

 

[fevgatos]

You're conveniently overlooking that Jensen's intention was to release the 4070 Ti at $900 as the RTX 4080-12GB, until it was made quite apparent that the gulf in processing power between it and the RTX 4080 proper was too big to ignore, and that the product that eventually became the 4070 Ti would not deliver the expected performance of an RTX 4080-tier product.

Thus, NVIDIA ordered AIBs to cancel their already completed designs and to hold onto it until they figured a solution - which was this bizarrely earnestly released 4070 Ti, a segment which they usually reserve for the refresh cycle. They adjusted the price downwards by $100 eating a bit into their own margins because $800 is already enough of a laughing stock for this segment, but $900 would be so unpleasant that I don't think they would receive ANY good press on that product at that price point, with that market segmentation to boot.

And how is that relevant to anything? Can I buy a 4080 12gb? Why would I care about unlaunched products. All im saying is both the 4070ti and the 4080 were better value from launch up until now compared to competitors, so don't expect them to drop prices until competition does. It would be stupid otherwise.

 

[Dr. Dro]

And how is that relevant to anything? Can I buy a 4080 12gb? Why would I care about unlaunched products. All im saying is both the 4070ti and the 4080 were better value from launch up until now compared to competitors, so don't expect them to drop prices until competition does. It would be stupid otherwise.

Yes, you can buy a 4080-12GB, it's called the RTX 4070 Ti, despite the $100 MSRP cut, real street prices from what you'd be expecting to pay on the 4080-12GB did not change. Companies have realized that MSRP has become a fantasy during the last mining bubble, so now they just charge whatever they want, some sucker's gonna be in a position of need...

I don't think either of these cards are better or good value at anything, they're overpriced, stale garbage. The 4090 is way faster than both of them, and that excuses it a bit, but even the 4090 is a deeply flawed product which could have been so much better than it currently is for the same price. It's the most cutdown flagship in history.

 

[fevgatos]

I don't think either of these cards are better or good value at anything, they're overpriced, stale garbage.

Never said they are good value. But they are better value, by the very definition of better. It's comparative, compared to the 7900xt, the 4070ti was a better value even in pure raster performance. So why would the company that has the best value card in the market drop it's prices before the competitor does. It really makes absolutely no sense.

 

[claes]

These debates are so silly, all pc components and oems and so on have seen a drop in sales. It probably has less to do with pricing and more to do with a terrible economy where everyone and their mom and grandparents and distant relatives upgraded two years ago

 

[Dr. Dro]

These debates are so silly, all pc components and oems and so on have seen a drop in sales. It probably has less to do with pricing and more to do with a terrible economy where everyone and their mom and grandparents and distant relatives upgraded two years ago

In part. But the budget end evaporated last generation and now we're left without midrange products too. There's only the high performance and extreme/enthusiast segments being serviced, with substantial increases in pricing. Unless you're American and have access to micro center or first-party distribution, which means you are mostly sheltered from the problem.

 

[renz496]

Gamers aren't enthusiastically embracing Ada... if he or any NVIDIA shareholder ever took the time to read tech forums such as TPU, he would quickly realize that it's non stop mockery of him and his hilariously dimwitted marketing department. Reception of the mobile Ada GPUs has been downright cold, Hardware Unboxed straight up cancelled their coverage because they are so ridiculously boring and bring no improvement to customers against more affordable, existing products. Those who have a lot of money to blow bought the 4090, but even those people are acutely aware that the RTX 4090 is a cutdown product and that the AD102 has a lot of untapped potential in it.

The largest bulk of gamers want GPUs at a price bracket that he no longer offers anything at, with the GTX 1060 and 1660 making up an insane amount of GPUs on the Steam hardware survey. Get real, Jensen. The GeForce cards may be outselling the Radeons at a 6 to 1 pace, but exceptionally few people are willing to shell out about two thousand on a graphics card. The 4070 Ti is midrange crap sold for a bucket of gold, and the 4080 is simply not worth it. Hell, I bought a 3090 at launch - and I can't hope to afford a 4090 now. Stop pushing enterprise prices on gaming cards and we'll talk.

Linus Torvalds had something to say about NVIDIA that I will now remind them of - I share the sentiment.

even if we combine all the discussion from tech/pc forum out there it does not represent the opinion of majority of pc gamer out there. else why did you think nvidia able to get over 80% of discrete GPU market share when for the past 10 to 15 year when all we hear on the internet is people talking bad of nvidia and hate them? and you completely wrong about nvidia as a company did not look at the people's sentiment about the company on the internet. but nvidia for the most part did not react to people sentiment but rather on the actual sales instead. i still remember maybe 10 years ago certain emulator developer make an article to compare the states of GPU drivers from various maker including mobile SOC gpu and they end up rating nvidia drivers to be on top of all other vendor. not long after that the rep from the emulator dev said nvidia give them one of the latest jetson kit for free.

"Gaming

Fourth-quarter revenue was $1.83 billion, down 46% from a year ago and up 16% from the previous quarter. Fiscal-year revenue was down 27% to $9.07 billion."

That uptick from previous quarter would be there even without a launch of a new generation, we'te talking about Black Friday / Christmas quarter. That there is 46% less revenue than last year, despite the launch of a new generation of gaming cards should tell you that all these talks that RTX 4090 is "flying off the shelves" is just nonsense. RTX 4080 was also launced mid-November, and some have speculated that they are widely available because Nvidia made tons of them, not because they aren't selling.

Well, now we know.

But it doesn't matter, all hail AI, it will bring new orders that crypto can't, screw gaming.

the sales from late Q4 2020 to early Q1 2022 is being boosted by crypto. not even new gen launch can top that kind of sales. nvidia beat early estimates of 1.59bil already quite surprising for this quarter. personally i was expecting nvidia to make less than 1.5billion this quarter looking at people's reception of the new 40 series.

 

[Dr. Dro]

even if we combine all the discussion from tech/pc forum out there it does not represent the opinion of majority of pc gamer out there. else why did you think nvidia able to get over 80% of discrete GPU market share when for the past 10 to 15 year when all we hear on the internet is people talking bad of nvidia and hate them? and you completely wrong about nvidia as a company did not look at the people's sentiment about the company on the internet. but nvidia for the most part did not react to people sentiment but rather on the actual sales instead. i still remember maybe 10 years ago certain emulator developer make an article to compare the states of GPU drivers from various maker including mobile SOC gpu and they end up rating nvidia drivers to be on top of all other vendor. not long after that the rep from the emulator dev said nvidia give them one of the latest jetson kit for free.

I mean, Jesus dude, AMD just cannot compete with them in marketable features right now. I have only scathing things to say about Nvidia, yet I own a 3090. You see why they have 80% of the discrete market now?

 

[mama]

Quite a poor result given the release of the 40 series. Should have been a healthy bump. But perhaps I'm over simplifying.

 

[claes]

In part. But the budget end evaporated last generation and now we're left without midrange products too. There's only the high performance and extreme/enthusiast segments being serviced, with substantial increases in pricing. Unless you're American and have access to micro center or first-party distribution, which means you are mostly sheltered from the problem.

I’m just talking about the market in general. Still, the best card I can get for $500 at micro center is the 3060 ti. My post wasn’t about midrange cards, but problems of inflation, overproduction, and demand in general. Not sure how this is a response — why would nvidia release their midrange 4-series when they can still sell last gen cards at exorbitant prices?