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NVIDIA Set to Offer Steeper Price Cuts in September to Get Rid of Excess Inventory [Report]

Graphics card prices are going to drop even further in the coming months as vendors go all out in their efforts to get rid of excess stock. NVIDIA’s GeForce RTX 3080, 3070 Ti, and the 3070 should finally drop below their MSRPs after spending selling well over their MSRPs through much of the cycle. At the moment, the top-end Ampere offerings are priced well below their sticker prices. The RTX 3090 is going presently going just over a grand while the RTX 3080 Ti can be bought for $849 over at Newegg.

These SKUs launched at an official retail price of $1,499 and $1,199, respectively and till now sold well over their (already ridiculous) sticker pricing. The RTX 3080 and its lower-end siblings are still going over their official prices by a fairly notable amount. This will hopefully change in the coming weeks as vendors put the squeeze on excess inventory.

NVIDIA had a pretty disappointing second quarter with the gaming business seeing a lofty decline in revenue, primarily due to flooding of channel inventory. The chipmaker plans to reduce the sell-in this quarter and the next to let the channel inventory correct itself. This basically means that the shipments of the RTX 30 series graphics cards to retailers and distributors will be clamped to drain the excess inventory, thereby allowing both demand and prices to stabilize.

According to a report from Taiwan Economic Daily, board partners are still negotiating bulk order sales with distributors. Once these revised prices kick in, we should see the steepest price cuts since the cryptocurrency crash. Both NVIDIA and AMD will be affected by the revised market pricing. However, it’s worth noting that if the next-gen midrange offerings are delayed to 2023, then a steady halt in shipments might do the trick without vendors having to cut prices too much.

Source: Mydrivers

Areej

Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.