Because of the quickly waning cryptocurrency mining sector, Gigabyte witnessed a large inventory build-up of graphics cards in the second quarter and started recognizing losses for the inventory in the third quarter, the sources said.Next year is expected to be another though year for Gigabyte. ASUS is becoming increasingly dominant in the motherboard market, and Gigabyte can expect fierce competition in the profitable gaming and server markets.
Although Gigabyte's operating income for the third quarter was negative, the company still managed to report net profits for the quarter, thanks to non-operating incomes, the sources noted.
Gigabyte may post a loss this quarter
Posted on Thursday, Nov 22 2018 @ 11:43 CET by Thomas De Maesschalck