According to a report by DigiTimes graphics card vendors are bracing for a brutal second quarter. They expect graphics card sales to drop by 30 to 40 percent! Vendors reasoning for this forecast is overwhelming unsold inventories of cards lower down the supply chain.
This large drop in sales is also being attributed to a drop in demand by crypto-currency miners who are either quitting the business or moving to more energy efficient mining technologies such as ASICs, following the drop in value of major crypto-currencies. Many of these miners are selling off their own inventory of high-end graphics cards on online marketplaces like eBay.
Graphics card vendors have asked both AMD and NVIDIA to help them cut prices to help boost sales, but both have cut down supplies to deal with the situation instead. Unsold inventories usually translate to price-cuts to move product so be on the look out for video card sales coming up.