Where Are Graphics Card Prices Heading?

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Where Are Graphics Card Prices Heading?

We observed that graphics card prices decreased gradually in January and February. In this direction, stocks increased in many stores around the world and sales of graphics cards began to be made at reasonable prices. Judging by the current data, GPU prices continued to fall in the past March. The better news is that the volume of cards sold is increasing month-to-month.

Graphics card prices generally move in proportion to the markets in cryptocurrencies. Bitcoin was a little more stable throughout March than we’ve seen in the recent past, and it also showed a slight bullish trend. It started its journey around $43,000, then dropped to $37,000 over the next two weeks. At the end of the month, it climbed to $45,000 again.

Similarly, Ethereum started around $2,900 and rallied as high as $3,250 late in the month. Although the prices found a balance, the profit rates on the mining side did not improve much. Graphics card prices also continued to decline.

NVIDIA RTX 30 and AMD RX 6000 Series

The price of each graphics card decreased by more than 10% month to month. Since the RTX 3090 Ti, which is the exception, has just been put on sale, prices are skyrocketing. All other models, on the other hand, are in a downward trend.

Compared to February data, the price of next-gen GPUs dropped by an average of 12.1%. By model, the smallest drop was 9% on the RTX 3050 and RTX 3060 side. All other graphics cards saw double-digit percentage drops. On the other hand, all of AMD’s graphics cards are now on average 53% more expensive than the list price. Models like the Radeon RX 6600 and RX 6500 XT cost only 20% more than the recommended price.

Display card Average eBay Price Sales Quantity Gross Sales
GeForce RTX 3090 $2,111 983 $2,075,152
GeForce RTX 3080 Ti $1,531 687 $1,051,873
GeForce RTX 3080 12GB $1,378 69 $95,056
GeForce RTX 3080 $1,283 1355 $1,738,289
GeForce RTX 3070 Ti $880 1097 $964,855
GeForce RTX 3070 $858 1567 $1,344,721
GeForce RTX 3060 Ti $754 1935 $1,459,261
GeForce RTX 3060 12GB $580 1135 $658,379
GeForce RTX 3050 $416 221 $92,035
Radeon RX 6900XT $1,256 173 $217,227
Radeon RX 6800XT $996 254 $252,882
Radeon RX 6800 $888 98 $87,038
Radeon RX 6700XT $643 570 $366,567
Radeon RX 6600XT $495 485 $239,842
Radeon RX 6600 $403 274 $110,554
Radeon RX 6500 XT $237 69 $16,324

If we generalize, the average selling price for a graphics card in March decreased to 983 dollars. That figure was $1,094 in January. These decreases are 9% on the NVIDIA side and 13% on the AMD side. We mentioned that the production of cards has increased. For example, unit sales of the RX 6700 XT rose 43% while the price fell 18%. The RX 6600 XT also sold 52% more than last month (on eBay). As a result, it is possible to say that the stocks in retailers have increased.

The majority of NVIDIA-based graphics cards sold belonged to the Gigabyte and MSI brands. On the AMD side, ASRock takes the lead on its own. On the other hand, it has been claimed that these three companies have sold a large number of GPUs directly to mining farms over the past year.

Miners’ operations are relatively weak at the moment, which is good news for gamers looking to upgrade their PC. Also, as a general reminder, NVIDIA’s RTX 4000 series graphics cards based on Ada Lovelace and AMD’s RX 7000 series with RDNA 3 architecture will be released this year. In this context, some users may wait for newer generation cards instead of purchasing hardware released in 2020.

NVIDIA RTX 20 and AMD RX 5000 Series Cards

Display card Average eBay Price Sales Quantity Gross Sales
GeForce RTX 2080 Ti $889 348 $309,378.96
GeForce RTX 2080 Super $690 177 $122,170.71
GeForce RTX 2080 $625 173 $108,085.21
GeForce RTX 2070 Super $563 359 $202,228.29
GeForce RTX 2070 $511 208 $106,267.20
GeForce RTX 2060 Super $512 269 $137,824.84
GeForce RTX 2060 $380 429 $163,152.99
GeForce GTX 1660 Ti $353 264 $93,273.84
GeForce GTX 1660 Super $360 977 $352,081.49
GeForce GTX 1660 $303 191 $57,804.24
GeForce GTX 1650 Super $240 203 $48,687.52
GeForce GTX 1650 $223 450 $100,386.00
Radeon RX 5700XT $602 964 $580,453.32
Radeon RX 5700 $564 146 $82,326.48
Radeon RX 5600XT $414 227 $94,082.42
Radeon RX 5500 XT 8GB $292 77 $22,462.44
Radeon RX 5500 XT 4GB $225 15 $3,368.70

GPU prices on older generation cards dropped by 12.8% on average. However, most of the cards have become cheaper at double-digit rates. The decline was slower in the RTX 2080 series (including 2080 Ti and 2080 Super). Also interestingly, unit sales of Turing (RTX 20) and RDNA (RX 5000) cards increased by 20% month to month.

Prices for low-end cards like the GTX 1650 and GTX 1660 are still in bad shape. High-end graphics cards get cheaper faster.

Summary

There are many factors that cause the huge increase in video card prices. The pandemic has disrupted the supply chain, more people are staying at home and demand for gaming PCs has increased. Besides, cryptocurrency miners flocked to graphics cards. Fortunately, there is recovery in all these scenarios.

According to the latest reports, the overall supply of graphics cards in the market has improved significantly over the past months. According to estimates, miners also chose to reduce their purchases of graphics cards. Profit rates had decreased as energy prices increased considerably around the world.

There are also strong rumors that both AMD and NVIDIA will announce their next-generation RDNA 3 and Ada architectures later this year. Even an official statement came from AMD. On the other hand, Intel Arc mobile graphics solutions have been officially launched. In addition, we expect Arc Alchemist desktop graphics cards to be released in June. Therefore, the interest of customers will shift to new generation products and the interest in existing cards will decrease.

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