The market for new GPUs has sunk – the biggest drop since 2009!  

Were there many who decided to wait?

According to data from research company Jon Peddie Research, the market for new graphics cards recorded its biggest decline in the last quarter, since the negative record of 2009 , due to the then global financial crisis.

Taking things from the beginning, year-to-date, overall GPU sales in terms of the number of units that have reached stores, including both desktop models and laptops, are down -25.1%. More specifically, the plunge of GPUs for desktops is -15.43% and for laptops -30%, which is the biggest since the recession of 2009.

Looking at the numbers on a quarterly rather than annual basis, the decline for desktop models was -33.5% in the third quarter of 2022. Surprisingly, the third quarter usually sees the biggest increase each year, with the 10-year average being is a 5.3% increase in sales. This quarter not only did not follow the average, but overall the GPU market registered a decline of -10.3%.

In particular, for this -10.3%, both AMD and Nvidia are responsible, with the graphics card sales of the former decreasing by -47.6% and the latter by -19.7%. Surprisingly, Intel’s sales increased by 4.7%.

Here’s a chart of each manufacturer’s market share, according to data from Jon Peddie Research.

Of course, an important role in this was played by the release of the RTX 4000 and RX 7000, which many certainly expected, as well as the flood of the market with used models, after the fall in cryptocurrency prices.