As you may know, the last years of 2020 and 2021 were truly crazy for the hardware world, especially in terms of graphics cards, firstly due to the extreme appreciation in cryptocurrency mining, and later, due to the shortage of chips.
But of course, everything that goes up must eventually come down, and that’s exactly what happened with the end of the pandemic. Demand has dropped, cryptocurrencies have dropped, and indeed, continue to drop, and as such, NVIDIA has stopped selling as much graphics cards. Yes, it’s true that prices are still extremely high, especially when we look at the new generation, but that has a reason for being… The level of sales is now quite different, and of course, companies like to keep the upward trends, to keep shareholders happy.
NVIDIA: Are you aware of the drop in demand for cards?
So it’s time for the release of financial results, where of course, we get an idea of everything that’s happening in the industry. This is exactly why we know the current state of NVIDIA, the current king of graphics cards, which after showing a significant drop in the second quarter of the year, took a serious tumble in the following 3 months.
After all, the new account report that runs until the 30th of October, that is, it still caught a little bit of the launch of the RTX 4090, shows that the graphics card giant closed the third quarter of the year with 5.93 billion dollars in recipes. What is clear, right from the start, means a drop of 17% compared to the third quarter of last year. But what we have to take into account is the games department! Which showed a drop of 51% compared to the same period last year, and 23% compared to the last quarter under review.
Which is absolutely normal! As we said above, the explosion in demand was a completely abnormal effect, the result of the pandemic, and obviously it would never be sustainable.
Also, what do you think about all this? Did you have any idea? Share your opinion with us in the comments box below.