A new report by the GPU maker AMD has emerged in the latest news on our DC Forecasts crypto news site, showing that the chip manufacturer generated “negligible” revenue from the blockchain-related GPU sales in the third quarter this year, which accounted for only a “high single digit percentage” of the company’s ‘top line’.
As the report shows, there was a clear drop in this type of revenue in the previous quarter – where AMD’s computing and graphics cards declined by 14% compared to their sales in Q2 of 2018 – even though the revenue from the business line was up 12% compared to a year earlier.
In the last quarterly report in July, AMD showed that almost 6% of the revenue in Q2 of 2018 came from selling chips to crypto miners, again down 4% compared to the previous quarter.
The CEO of AMD, Lisa Su, earlier this year revealed that the company is “expecting very little from blockchain” and it had therefore lowered its forecast for revenue from the industry. The company has been tampering different market expectations for revenue from GPUs since March 2018.
AMD also warned that the instability in the crypto market could hurt its revenue from sales in this sector.
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