Nvidia has apparently already shipped hundreds of thousands of Fermi GPUs and it says it's churning them out like sausages.

During a recent conference call Nvidia CEO Jen-Hsun Huang claims that the GPU is in full production and that the company has seen some rather strong demand. Huang also noted that Nvidia raked up record revenues from Tesla processors and that its Quadro business is also going strong.

We must admit that we are somewhat miffed by the announcement, as Nvidia has struggled to ship Fermi-based cards in significant volumes over the past several weeks. The company launched three Fermi based products thus far, the consumer oriented GTX 480 and GTX 470 and the Tesla C2050 computing board. However, the company is still lagging behind AMD, which has already shipped millions of DX11 parts.

The company also posted strong revenues and profits. Its revenue rose to $1.0 billion, a 2 percent increase sequentially and a 51 percent jump compared to the same quarter last year. Profits rose from $131.1 million to $137.6 sequentially, while in the same quarter last year Nvidia incurred a $201.3 million loss.