Company returns to profit and points to a tablet future

Nvidia CEO: Tablets ‘not a fad’

Graphics specialist Nvidia returned to profit in the third quarter and is pinning future hopes on its Tegra platform in tablet computers.

The firm recorded a profit of $84.9 million, improving on a $141 million loss in Q2.

Nvidia CEO Jen-Hsun Huang said: "We have turned the corner. We have restored our speed of execution and are regaining share in desktops."

The company also said that it expects growth in revenue of up to five per cent in the final quarter and that the company had high expectations for the Tegra range of products which will soon be appearing in a range of devices from tables to smartphones.

CNET spoke to Huang after the earnings call where the graphics industry veteran admitted that tablets to compete with the Apple iPad were delayed. Huang put the delay down to the fact that Nvidia, Google and tablet manufacturers wanted to make sure they “get it right out of the gate.”

Huang was upbeat about the prospects for the tablet sector. “This isn’t a fad. Everybody’s building tablets because it’s just so important,” Hsuang told CNET. “I don’t remember in the history of computing [when] a singular device is being worked on by all of the industry.”

Yet Huang made disparaging marks about the Samsung Galaxy Tab, which does not feature Nvidia Tegra technology, describing at as a “tablet that uses a phone operating system,” before asserting that “a tablet is not a large phone.”

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