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In June, the price of bitcoin fell below 6,000 US dollars, which was 70% lower than the US$20,000 at the end of last year. Recently, the price of bitcoin has risen back to 7,000 US dollars. However, the digital environment has reached the Q1 quarter in this year. The peak, that quarter has also become the pinnacle of mining graphics.
Since the Q2 quarter, the price of video cards has started to fall, and the supply is sufficient. The days when the graphics card makers rely on the mine card to sit and count the money are gone. According to data released by Gigabyte and TUL, their revenues declined in June, which is a cliff-like decline compared to Q1.
Seekingalpha columnist Akram's Razor previously analyzed the inventory of graphics card manufacturers, broke the news NVIDIA, AMD delayed the development of a new generation of graphics cards because of the collapse of the mining card led to a large increase in graphics card inventory.
In the past two days, he made further analysis based on the monthly revenue data released by Gigabyte and TUL. First, let's take a look at Gigabyte's revenue performance in the first half of the year.
Gigabyte's revenue performance
Gigabyte's revenue includes motherboards, graphics cards, notebooks and other products, but the proportion of non-GPU products has been relatively stable, Q1 quarter is about 49%.
In terms of graphics cards, Gigabyte sells A-cards overseas, but overall it is based on N-cards, so he uses Gigabyte's performance to evaluate NVIDIA's situation.
Gigabyte's June revenues were NT$3.82 billion, down 31% from NT$5.54 billion in the same period last year, and 30% from May's revenue of 5.35 billion Taiwan dollars. Q2 quarter compared to Q1 quarter. It fell by 33%.
TUL Newsletter's revenue performance
AMD graphics card manufacturers here, TUL News also announced the operating data in June and the first half of the year, we know that the company is the parent company of PowerColor Dylan graphics card, most of their revenue comes from the graphics card, so TUL's operational data is better Explain the changes in the graphics card market.
In June, the company's revenue was NT$406 million, down 6.73% year-on-year and 28% quarter-on-quarter. Q2 quarter's revenue fell 59% compared to Q1.
Looking at Q1's revenue data, I know how crazy the mine card is. In January, the revenue of the company was NT$1.13 billion. The revenue in one month exceeded the revenue in the first five months of last year, compared with January last year. The NT$114 million surged 885%, followed by a 280% increase in revenue in February, and a 503% increase in March, which was a multiple of three months, so that the total for the first half of this year In the revenue, the revenue in January-March accounted for about 70%.
In the Q2 quarter, TUL's revenue growth rate dropped sharply. In April, revenue increased by 7.54% year-on-year. In May, it increased by 107%, but in June it fell by 6.7%. In such a mature market. On the top, the graphics card revenue has risen and fallen sharply in the past six months, playing is a stimulus.
From the perspective of Gigabyte and Yuxun's revenue, Q2 and June will become a watershed. The Q1 quarter mining card market is crazy, the performance of the manufacturers is guaranteed, and the diversified Gigabyte revenue rose 66% in January. The video card-based newsletter has skyrocketed by 9 times. However, since June, the good performance of the manufacturers has not risen. The revenue has not only declined, but also started to fall.
Unless the mining card market comes to a miracle in the second half of the year, the current trend will show that the graphics card market will once again return to its previous state. Everyone is fighting the game market, and there will be no more foreman with cash to go to the factory to grab the card. It’s a day.
