GPU market may gradually return to growth
Recently, IDC, Gartner, and Canalys have all released data related to the PC market, among which there are large differences in the statistics of the Mac product line. However, market data from the three statistical agencies all show a sharp decline in PC shipments in the third quarter of 2022. AMD’s preliminary financial results for the third quarter of 2022 have added to market concerns. As one of the best performers in the PC industry, its revenue in the third quarter of 2022 was significantly lower than expected by $1.1 billion.
Gigabyte RTX 4090 Aorus Waterforce
Jon Peddie Research (JPR), which has been tracking PC graphics market data, responded to these reports, with its president and founder Jon Peddie stating: “Our advice to clients has been consistent since 2020: The pandemic boom was not a surge in demand brought about by real growth in the market. The PC market is now correcting itself after a period of extraordinary growth spurred on by spending from an overwhelming surge of users working from home.”
Peddie continued, “People were forced to work at home in 2020 and 2021, and many needed equipment. As a result, PC sales surged. Those people have what they need, and some of them are going back to the office. They don’t need new PCs, and won’t for three to five years. So, we are back to the nominal growth of the PC market, which was, and will be again after two quarters’ adjustment, tracking GNP growth.”
Jon Peddie Research said that after two-quarters of adjustment, the PC market will gradually resume growth, while discrete graphics cards are still strong, and the market is resilient and will continue to maintain a strong trend after short-term shocks. Shortages in the supply chain have eased in the past, but high inventories are a problem. TSMC’s capacity utilization is expected to trend downward in the next six months, and the impact of chip design companies cutting orders is starting to show.
