Sales of graphics cards are stabilizing due to reduced interest in cryptocurrencies

In 2017, figuratively speaking, the market for cryptocurrencies exploded, when, among other things, the popular currency Bitcoin was valued at over SEK 80,000. This also affected other industries, as mainly the graphics card market where prices rose and customers who wanted to upgrade or buy new were forced to pay overprices.

According to the analysis company John Peddie Research, interest in mining cryptocurrencies reached its peak during the first quarter of 2018 and has since then slowly but surely declined. They note that sales of graphics cards have begun to return to normal levels as fewer and fewer are sold to be used to break cryptocurrencies, something that is also expected to affect prices.

In other respects, the report also mentions that sales of graphics cards decreased by 28 percent during the second quarter of 2018. Overall, Nvidia decreased from 17 to 16 percent in terms of market share, while AMD decreased from 15 to 13 percent. At the same time, Intel has increased from 67 to 70 percent, and the reason is that integrated graphics circuits are also included in the statistics.

The declining sales are believed to be due to several reasons, and reduced interest in cryptocurrencies is only one of them. One of them is believed to be that the launch of Nvidia’s new generation is imminent, which means that many are waiting to upgrade until they are released.

The analysis of cryptocurrencies is in line with what Nvidia mentioned in its latest quarterly report, when they also said that the market for mining these has almost disappeared. They predict that it will have no noticeable impact on the company’s revenue in the future.