Graphics card prices: PC gamers expect golden times

Nvidia graphics card prices will fall, says CEO Jensen Huang. His company has simply produced too many and is now forced to offer the current generation at a lower price before the next is introduced. AMD is also preparing sales.

Update from August 29th: After Nvidia there is now also similar signals from competitor AMD, observers from Taiwan have learned. According to them, both manufacturers are preparing special offers and lower prices for graphics cards. The first price reductions for the current generation can already be expected in September (source: Mydrivers).

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Nvidia CEO: Graphics card prices will fall

Nvidia has presented new business figures along with a slump in profits and a weak forecast. For gamers, this should still be good news, because Graphics cards from the manufacturer should become cheaper – after record prices had to be put on the table for current models recently.

There have been suspicions about a possible overproduction for a long time, now Nvidia CEO Jensen Huang has basically confirmed the rumors. “We found an overstock,” says Huang. “Our strategy is well below the level on the market for sale“. So there would be the possibility of a “correction” (source: The Verge).

With graphics cards, Nvidia now wants to reorient itself in terms of price in order to “prepare for the next generation”. Or to put it another way: The RTX 3000 graphics card prices will drop, before the RTX 4000 series hits the market. However, one uncertainty remains for customers: They have to hope that retailers will actually pass on the lower prices to them. Because Nvidia does not sell directly, it can only directly influence the sales prices to dealers.

According to Nvidia they are GeForce Sales Numbers still around 70 percent higher than before the pandemic. The demand is still unbroken, even if this is not necessarily reflected in the group’s sales.

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Nvidia with weak numbers

Nvidia has clearly felt the slump in the global chip industry. In the second quarter of the year, sales fell 19 percent to $6.7 billion. The net profit is around $1.3 billion, which is a decrease of 62 percent is equivalent to.