NVIDIA’s partners are preparing to reduce prices slightly on their existing inventory of GeForce GTX 16 and RTX 30 series GPUs in order to sell them off more quickly.
APAC-based Channel Analysts are reporting that the demand for older and mainstream graphics cards is at an all-time low, and some NVIDIA partners still have a surplus of older GPUs like the GeForce GTX 16 and RTX 30 series. The report suggests that these partners will likely lower prices slightly to address the lack of demand.
According to MyDrivers, the price cuts won’t be significant and will only be around 30-50 Yuan, which is equivalent to roughly $10 US. The main beneficiaries of this price cut will be the entry-level GTX 1650 and the GTX 1630, which are still quite popular compared to other GPUs. We reported recently that the GeForce GTX 1650 continues to be the most widely used gaming GPU according to the Steam Hardware Survey database.
The majority of mainstream GPUs such as the GTX 1660, GTX 1660 Ti, GTX 1660 SUPER, and the RTX 2060 series have been sold out, leaving only the GeForce GTX 16 series and a few RTX 30 series mainstream cards in stock. This may be why NVIDIA has yet to release the RTX 4060 and RTX 4050 series. To address the surplus of GA104 and GA106 GPUs, the RTX 3060 has been upgraded to the new GDDR6X memory interface. While there’s a chance we’ll see larger price cuts of around 100-150 RMB for higher-end RTX 30 series cards, NVIDIA is still concerned about their inventory of older high-end GPUs.
During a recent earnings report, NVIDIA stated that they anticipate the effects of their GPU channel inventory correction to conclude by the first half of the year and that they have mostly resolved the issue.
RTX 30 and GTX 16 series is expecting to get price cut about $7 (50 Yuan)https://t.co/j0FerYgOVZ
— 포시포시 (@harukaze5719) March 4, 2023