Important problems for Gigabyte, which sees its sale of NVIDIA graphics drops by 20% and be the one who returned a large number of GPUs.
It is expected that this July will significantly lower the price of graphics cards, hovering around 20% in most models, especially in NVIDIA solutions, to clean up stock before a new generation arrives. Well, Gigabyte would have some major 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 drop in graphics sales of 20%.
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 three main buyers of GPU had returned to NVIDIA about 300,000 GPU. It is confirmed, according to industry sources, that this manufacturer would have been Gigabyte, who expected more sales.
Despite this 'reverse', the company expects to enter more this year with the graphics cards that last year. The reason is that the fall is more than compensated by surplus with higher prices than last year, although it is true that prices are already returning to normal.
All this while NVIDIA has to delay the release of the new graphics by the return of the mentioned GPU. Everything indicates that the new graphs could be presented this August, but it would arrive at the end of the third quarter as soon or when they manage to clean a large part of the stock of graphic cards.
We should not lose sight of the fact that the cryptocurrency market could shoot up 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 are over and it is already known that the great whales are not willing to lose money.
Source: Digitimes
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