Graphics card prices are expected to fall by 20 percent during the month of July

The year 2017 marked the start of a long and steep rise in the price of graphics cards, which still has not shown signs of stopping. The main reason is attributed to the high demand for graphics processors that arose as the mining of cryptocurrencies became popular, where supply was too low in comparison.

Now the industry magazine Digitimes reports that this trend may finally reverse. According to sources higher up in the logistics chain, prices for graphics cards are expected to fall by up to 20 percent in July. The reason is said to be a cooled interest in the mining of cryptocurrencies of all kinds, with a reduced demand for, among other things, graphics cards as a result.

It is said that there are several million graphics cards available on the international market today, and Nvidia is expected to increase that amount by another million copies soon. In combination with a refill of graphics cards used for mining in the used car market, it is expected to give rise to a price war among retailers worldwide.

► Gigabyte sells 20 percent fewer graphics cards during the second quarter

The information is in line with Gigabyte’s declining sales of graphics cards during the second quarter of the year, as well as reports on Nvidia’s postponing the launch of the next generation of graphics cards as a result of a surplus stock.