The editors of German-language resource 3DCenter did an enormous job last weekend by analyzing the volume of revenue and sales of graphics cards according to Jon Peddie Research statistics for the last 14 quarters, not including the current one.
The authors of the study concluded that the period of the latest cryptocurrency boom allowed market participants to generate revenue corresponding to six years of normal operation.Image source: NVIDIAThis period should be understood as six quarters, beginning in the fourth quarter of 2020 and ending in the first quarter of 2022.
The average quarterly figures for this period show a marked increase not only in the number of video cards sold, but also in their average price and the resulting revenue.
As might have been expected, the value indicators grew faster than the physical ones.
As a basis for comparison, the authors took 2019, which was not yet affected by the pandemic or the cryptocurrency boom.
On average, video card sales that year averaged 9.63 million units per quarter, revenue did not exceed $2.88 billion, and the average price of a video card was capped at $299.
Image source: 3DCenterIn the midst of the 2021 cryptocurrency boom, the average numbers picked up: video cards sold 27% more in the quarter, revenue rose 302% to $11.58 billion, and the average price jumped more than three times to $945.
If you consider all six quarters combined, the number of video cards sold increased by 41% in annual terms, while revenue increased five-fold.
In fact, as the authors of the study explain, in a year and a half of boom, market participants managed to get the same amount of revenue that in normal circumstances would have taken them six years.Alas, even now video card prices are far from 2019 levels, as they are on average 76% higher and reach $529 per video card.
The authors of the original publication estimate that at least 15.8 million video cards were produced for the needs of miners during the boom year and a half.
If a significant portion of them will flood the secondary market, it will make it difficult for the participants of the primary market to sell new products.
Image source: 3DCenterIt is noteworthy that in the midst of the cryptocurrency boom, AMD received a higher increase in sales volumes of video cards, as it started from lower values, occupying about 20% of the discrete market.
In the fourth quarter of 2021, for example, AMD year-on-year increased its video card sales volumes by half to 3 million units, while NVIDIA was limited to an increase from 9.1 to 10.2 million units.
Obviously, the limiting factor was the production capacity of suppliers, so AMD increased its market share from 17% to 23%.
In the first quarter of this year, AMD's share generally increased to 24%, but by the second quarter it managed to fall to 20%.
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