Component and supply bottlenecks make graphics cards more expensive than ever. The pandemic has several reasons and affects the market worldwide.
Generally, when it comes to digital world, the longer an item is on the market, the cheaper it becomes. Last year’s iPhone is usually cheaper at Apple and hard drives cost less year after year. But now this trend seems to be reversing and many devices suddenly cost significantly more.
Graphics Cards Are Particularly Affected
Many items are now trading for more than double their previous prices. Price comparison portals show how extreme the price increase has become: The popular GeForce RTX 3070 was available for just over 500 dollars a year ago and came on the market with a recommended price. The model currently costs around more than 1,000 dollars.
Various Reasons Play A Role In The High Prices Of Graphics Cards
At the end of 2020, Nvidia and AMD launched the new graphics cards, for which there is a very high demand. However, almost all graphics card manufacturers depend on the company TSMC, which produces microchips. Due to the shortage, there is a significant price increase. Other industries are also suffering from the shortage of microchips.
And even if a lot can be produced, there is still the problem that the goods are not easily delivered to Europe. In principle, there are fewer ships due to the pandemic. And since trade relations between China and the United States have deteriorated, container ships, which used to carry a lot of goods, face empty returns. That is why the shipping companies shy away from sending them on their way in the first place.
The Crypto Currency Boom
Today graphics cards are not used just for computer video games, however in latest years they’ve been used increasingly for mining crypto currencies. At any time when currencies obtain in price, the necessity for better pix cards and, accordingly, their fee additionally broaden. Bitcoin is presently experiencing a increase – even as, the prices for chips are very excessive.