Record revenues as graphics chip maker Nvidia doubles profits

The graphics chip maker Nvidia are reporting doubles profits compared to one year ago, when it announced third-quarter financials they showed the first time Nvidia has passed the $1bn mark.

Reghardware have gone on to say that “The three months to 28 October 2007 – Q3 FY2008 – yielded the company a net income of $235.7m – 38 cents a share – on revenues of $1.12bn”.

This result shows us an amazing increase on Q3 FY2007′s income of $106.5m and $820.6m of 121.3 per cent and 36.5 per cent respectively.

Nvidia is fast catching up with Intel, but what do you think this means for the future of Nvidia and the graphics card industry?