Graphics cards prices are going down and you can expect the prices to drop by 20%. Cryptocurrency mining is not as profitable as it once was and miners are not interested in getting new graphics cards anymore. Hence the demand for graphics cards has fallen while the supply is still high. We recently talked about 300,000 graphics cards being returned to Nvidia and Gigabyte has also told investors about price cuts.
An investors meeting was held on the 27th of June and according to the information that was provided, graphics cards shipments have fallen from 1.2 million to 1 million. Not only are miners not buying graphics cards but gamers are also not getting the current generation graphics cards either.
We have been getting word that the upcoming graphics cards based on the Nvidia Volta architecture will be coming out sometime this year and AMD has also announced that the company will introduce 7nm based gaming graphics cards, but we do not know when. In anticipation of these graphics cards, gamers are not getting the current graphics cards. That is why companies are going to be dropping prices in order to get rid of the stock that they have.
If partners are indeed getting rid of the stock that they have then it is possible that the next generation Nvidia cards are around the corner and could be coming out before the end of the year. Gigabyte will be lower prices in order to encourage people to buy the graphics cards that they have in stock and the lower prices should help move inventory. You can expect to see a 20% decrease in price but if not as many people buy the products then graphics cards prices can drop even further.
While prices have been decreasing over the past couple of weeks you will notice the graphics cards prices going down this month. If you were on the fence regarding whether or not you should get a Pascal-based graphics card then now might be the best time to get one. Pricing and price cuts will differ from region to region so you will need to check at your local retailer in order to find out the exact graphics card prices.
It has been 2 years since Pascal came out and you might want to get the upcoming graphics cards but if you can get the Pascal graphics cards at a discounted price then you should consider that as well.
Let us know what you think about graphics cards prices going down by 20% this month and whether or not you are interested in getting one.