AMD and Nvidia have both blamed a worldwide shortage of hard disk drives for a decline in sales of their graphics processors.
The Verge reports that Nvidia fell short of revenue projections by $116 million due to the shortage. Another contributing factor was the decline of its Tegra 2 processor as focus shifts to its successor, Tegra 3. AMD said during an investor call that it was feeling "a little bit of pressure in terms of hard disks."
The shortage was caused by the flooding disaster that struck Thailand, the world's second largest manufacturer of HDDs, in late July. With fewer hard drives available, fewer PCs are sold, meaning component sales also take a hit.
AMD's annual revenue was $6.57 billion (£4.2 billion), with profits of $491 million (£315.6 million). Nvidia's results aren't due until next month, but its updated forecasts predict revenue of $950 million (£610.7 million).
Source: The Verge