- Apr 22, 2003
- 2,670
- 1,250
- 136
News broken by GN. Even though there is no press release I can see right now, this is not a rumor. Info comes directly from EVGA CEO, citing difficulty working with Nvidia.
Now THAT sir is apples to orangesApples and oranges... Have you noticed that its hard to buy a new car right now ? Know why Carvana and the like are booming in used cars ? The makers can't get the chips for new cars. Some are building up to a point then letting the cars sit until they can put in all the chips needed. If you want to order a car you probably will pay as much as 10-20,000 over MSRP. If you find one on the lot, only a couple thousand over MSRP.
On the other hand there is a small glut of video cards, and the prices are dropping like a rock.
I am not really qualified to answer that, but I will make a best guess. Also, I am only relating the info provided by the tech tubers covering the story. IIRC they said the mid and low end are profitable, but 3080 and up they lose money on. Hundreds per card if memory serves.I dont quite understand why they are losing hundreds on end of the run stock. Dealers selling cars for thousands, even tens of thousands off to get rid of end of model year vehicles to clear space for the new models and recoup the money to invest in the new models. How much did the video card makers make during the past several years of the mining boom? Isnt it now just time to clear out the rest of the old cards which undoubtedly have much higher profit margins to shave off? Even at a loss?
What happens to businesses that don't base business decisions at least partially on finances? They go out of business. I suspect Andrew has made his bucks and just wants to enjoy them. Why continue to struggle when the economy is going bad? He needs to take time off and relax. So long, and thanks for all the fish, Andrew.The quote from EVGA was: "this was not a financial decision" but I agree with you that's exactly what it was! (just indirectly)
No question Nvidia is run by a bunch of knuckle-heads who don't give a crap about their vendors.
Isnt it now just time to clear out the rest of the old cards which undoubtedly have much higher profit margins to shave off? Even at a loss?
My point is they should have low enough remaining inventories that even if they sold off what is left at cost they get it off the books and move on to the next gen. They should have made the most of their profit from prior sales.The point is that they don't have big profit margins. Most of the money goes to NVidia.
NVidia is currently selling Founders Cards for less than it costs AIBs to build their cards.
My point is they should have low enough remaining inventories that even if they sold off what is left at cost they get it off the books and move on to the next gen. They should have made the most of their profit from prior sales.
My point is they should have low enough remaining inventories that even if they sold off what is left at cost they get it off the books and move on to the next gen. They should have made the most of their profit from prior sales.
Personally I would no longer buy any EVGA product that might need warranty support down the road because I doubt they are going to be around at all in a couple years. (and now I'm REALLY glad I went with a 3080FE)
-I would buy an EVGA product, but at a HEAVILY discounted price. I'm talking another 40-50% off of current new prices.
Time for them to firesale their inventory and parachute on out of the game.
Would have actually preferred that move over promising warranty support and keeping a stockpile of cards on reserve.
I think they did already. On their website, NO 3080TI, 3090,3090TI or 3080 12gig , and only one model of 3080. I did not check below.-I would buy an EVGA product, but at a HEAVILY discounted price. I'm talking another 40-50% off of current new prices.
Time for them to firesale their inventory and parachute on out of the game.
Would have actually preferred that move over promising warranty support and keeping a stockpile of cards on reserve.
But not 80% of profit. GN said their profit on PSUs were 300% higher than GPU.Nope they’re leaving the card market entirely. Seems very risky since cards are 80% of their revenue.
I promised myself never to buy Nvidia direct because there reseller's platform Digital River is worse then Newegg down from returns, precharge (which is illegal in some states), and Returns / RMA's.
Can someone please tell me who JazTC is? I know JTC = JayzTwoCents but haven't heard of the weird named one.
I think they did already. On their website, NO 3080TI, 3090,3090TI or 3080 12gig , and only one model of 3080. I did not check below.
Maybe this is why JayzTwoCents made his "BUY NOW" video?
Let them laugh at you for saying it. My observance of the shenanigans people pull over the decades has made me skeptical and cynical. Therefore, It is not hard to envision that Jay, a self professed EVGA shill, with his hand in their pockets, walked into that meeting knowing what the others didn't. He could have very well have been trying to help them get those cards sold at less of a loss before things got uglier, as you speculate.
I was simply thinking more that Jay was being nice to his viewers to give them a heads up, but without spilling the beans about EVGA. Maybe he knew EVGA stock would be gone soon, but also maybe knew that GPUs could be in short supply with EVGA gone?
But they won't be in short supply.
I'm guessing they're going to make a big push into motherboards, since they already have a foot in that particular door and it's the video card staff should have good skills overlap.