• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

How to Root

One place to get your android phone rooted!

  • Apps & Games
  • How to
  • News
  • Reviews
  • Root
  • Tutorials
Home » Nvidia Cuts GPU Prices Due To Falling Demand.

Nvidia Cuts GPU Prices Due To Falling Demand.

August 10, 2022 by Elen Page Leave a Comment

Nvidia

Nvidia has an excess of GPUs as PC graphics card demand falls.

Nvidia presented a preliminary earnings report Monday to caution investors about revenue shortfalls. In the May-July fiscal quarter; gaming-focused revenues were $2 billion; down 44% sequentially and 33% year over year.

Nvidia’s quarterly revenue will be $6.7 billion, down from $8.1 billion. The business blames a “lower sell-in of gaming products reflecting a reduction in channel partner sales” The economic crisis causes merchants to stop ordering GPUs.

Nvidia reduced sell-in and developed price plans with channel partners to reflect tough market conditions.

Late 2020 and 2021 saw the biggest GPU shortage in history; leading to rising costs. Huge demand from customers and cryptocurrency miners; plus chip manufacturing and supply chain issues during the COVID-19 pandemic, precipitated the scenario.
In the months since, GPU demand has dropped while supplies have improved. Retailers have overstocked GPUs; according to Nvidia’s early earnings report. The company would also take a $1.3 billion charge “primarily for inventory and related reserves, based on revised expectations of future demand.”

Nvidia CEO Jensen Huang remarked in the results report; “Our gaming product sell-through projections declined significantly.” We adjusted channel prices and inventories with our gaming partners as we expect macroeconomic conditions to effect sell-through.
Nvidia GPU price drops are good news for consumers. EVGA has slashed RTX 3090 Ti graphics card prices by $600 to $800.

Nvidia will introduce next-gen graphics cards this year. So the company may price future GPUs lower to attract buyers.

More From Us:New! Flagship AM5 Motherboards for AMD Ryzen 7000 CPUs

Related

Filed Under: News Tagged With: Nvidia

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

data leaks

China Censors News Of 1 Billion Data Leaks

The alleged hack of Shanghai police files; one of the largest data breaches ever. Therefore it is quickly being censored on social media by Chinese authorities. Moreover, Data Leaks Affecting 1 Billion People information was leaked on a cybercrime forum; according to the Financial Times. However, the full file, which is being sold for 10 […]

More From Us

Sony

Sony Own Websites Violated Copyright

Instagram

Instagram Director Predicts A Crowded Video Feed

Wacom's Cintiq Pro 27

Wacom’s Cintiq Pro 27 For Creatives Professionals

Apple's iPadOS 16

Apple’s iPadOS 16: The Juicy Details

download YouTube videos

Download YouTube Videos On A Laptop, Phone, Or Tablet

Copyright © 2023 · How to Root / Contact Us - About Us - Privacy Policy