Gigabyte Technology may swing to net loss in the fourth quarter of 2018 as the company as a result of massive inventory losses, according to some market watchers. 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. With competition in the gaming and server markets remaining fierce, 2019 may become a challenging year for the Taiwan-based brand vendor to achieve profitability, the market watcher added.
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