nVidia takes Xbox write-off on the chin

Graphics card manufacturer nVidia has revealed that it has been forced to write off inventory to the value of $7 million due to slower than expected Xbox sales around the world.

This news further compounds the disagreement with Microsoft over the price the software giant pays for the Xbox’s graphical grunt, which came to light two months ago. No solution could be found to the dispute, resulting in the two firms agreeing to a binding arbitration process that is still to take place.

We’ll keep you updated.