Gigabyte suffers 20% graphics SALES DROP and returns 300.000 GPUs to NVIDIA
Major problems for Gigabyte, which sees its NVIDIA graphics sales drop 20% and would be the one who returned a large number of GPUs.
It is expected that this July the price of graphics cards will drop significantly, hovering around 20% in most models, especially in NVIDIA solutions, to clean up stock before a new generation arrives. Well, Gigabyte would have some important stock problems, because, although it is still profitable to mine cryptocurrencies, it is less than a few months ago and the company has lost 20% of sales. This at the same time that the company reports that they have reduced the price of their products by 10%.
Gigabyte suffers a 20% drop in graphics sales.
During the first quarter of the year, the company would have sold 1.2 million graphics cards, but in the second quarter the figure has fallen to 1 million graphics. A few days ago we reported that one of the top three GPU buyers had returned some 300.000 GPUs to NVIDIA. It is confirmed, according to industry sources, that this manufacturer would have been Gigabyte, who expected more sales.
Despite this 'setback', the company expects to enter more this year with graphics cards than last year. The reason is that the fall is more than more than offset by higher prices than last year, although it is true that prices are already returning to normal.
All this while NVIDIA has to delay the launch of the new graphics due to the return of the aforementioned GPUs. Everything indicates that the new graphics could be presented this August, but it would reach the end of the third quarter at the earliest or when they manage to clean up a large part of the stock of graphics cards.
We must not lose sight of the fact that the cryptocurrency market could explode this July, despite the fact that the market has lost strength in recent weeks. This is because at the end of July the Bitcoin futures end and it is already known that the great whales are not willing to lose money.
Source: Digitimes
This shows that the whole “GPUs are going up because of the miners” thing was a fallacy, but that these companies, distributors, resellers and retailers took advantage of the moment of Ethereum and the rise of Bitcoin to make a lot more profit and charge 100% more or even up to 3 times the value of the video cards and said there was no stock, when there are even videos of linustech entering computer stores and showing the warehouses that were full of video cards of all colors.