GPU price hikes over the last couple of years made buying the essential PC hardware an impossible task. The crypto boom and ensuing scalping and price hiking by distributors saw the cards not landing at the gamers. At the same time, the card shortage due to the pandemic worsened supply and demand. Seemingly, the flow of GPU shipment still needs some work to do.
As per a report by Jon Peddie Research (via Tom’s Hardware), a total of 75.5 million GPUs got sold in the third quarter of 2022. The forecast suggests that the GPU install base will increase by 2.8% between 2022 and 2026. Unfortunately, the findings also suggest that total shipments in Q3 2022 decreased by 25.1% compared to Q3 2021. The report suggests this is the biggest drop since the 2009 recession.
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The report suggests the reason for the drop can be numerous. Jon Peddie says
“All the companies gave various and sometimes similar reasons for the downturn. The shutdown of crypto mining, headwinds from China’s zero-tolerance rules and rolling shutdowns, sanctions by the US, user situation from the purchasing run-up during Covid, the Osborne effect on AMD while gamers wait for the new add-in-boards (AIBs), inflation and the higher prices of AIBs, overhang inventory run-down, and a bad moon out tonight.”
Peddie noted that the drop isn’t a sign of a crisis, suggesting that generally, the Q4 shipments will be down, but the average selling price will be high.
