Photo by Tom Warren / The Verge
Nvidia’s Q2 earnings won’t come out for another two weeks, but the company has dropped its preliminary numbers today and the results are not looking particularly good for its gaming business. Its gaming revenue is reported at $2.04 billion, a staggering 33.33 percent decrease from the previous year’s $3.06 billion.
The shortfall mirrors other gaming hardware companies, including Logitech, which reported a 12 percent drop compared to the same quarter last year, reflecting peak pandemic changes where consumers are done investing in all kinds of home equipment for work, play, and even exercise. And gaming sales as a whole have dropped 13 percent in Q2 to $12.35 billion compared to last year, according to market research firm NPD.