Nvidia CEO: "The PC Market is Being Eaten by Tablets"

Impressive numbers reported by Nvidia: a third of its entire business is now non-PC and its tablet shipments have doubled from just a year ago. The post-PC era seems to be benefiting Nvidia a lot; their third quarter revenue reached the highest it's ever been at $1.2 billion.

Nvidia's CEO says the total market for PCs is "being eaten by tablets". Why? He explains:

"The reason for that is because a great tablet is surely better than a cheap PC."

A great tablet is cheaper than a great PC.