The secondary or tertiary market for the latest Nvidia GeForce RTX GPUs is commanding almost double or triple the regular selling price.
The issue of the global shortage of semiconductors is no longer a secret. All companies are affected by it, and there seems to be no end in sight. As the production of these chipsets delay, more and more people are taking advantage of it.
Sellers and itching customers on the streets are striking deals for products with prices up to double or triple the suggested retail price. Unfortunately, this couldn’t be truer for the graphics card market, particularly for the Nvidia GeForce RTX GPUs.
Nvidia GeForce RTX GPUs commanding ridiculous prices
According to a report by Sean Hollister of The Verge, the prices for the GPUs on the street are getting out of control. He did a thorough seven-day scan of the situation on eBay and secondary markets in his investigation.
As it turns out, the present case of the shortage is extremely far from ideal. The supply cannot keep up with the demand. As a result of basic economics, the prices for these GPUs are skyrocketing.
Hollister found out that the scalping market has significantly grown after the launch of the Nvidia GeForce RTX GPUs up until now. The basic GeForce RTX 3070, in December, fetched US$819. Now, the scalping prices are up to $1,200. The regular retail price of this particular unit is just $499.
He also dug deeper to see just how fast these GPUs move in the open market. Apparently, there is a market to be taken advantage of even if the prices are slightly skewed. Hollister found out that almost all of the listings on these Nvidia GPUs go out of stock unless the price set is far above the retail price.
Unfortunately, the end of this problem is nowhere in sight. Tech manufacturers are struggling to keep up with the demand because of the semiconductors shortage. Some reports even indicate that the issue may last up to the end of 2021. Should that happen, maybe the market for 2020 models may slow down.
Nevertheless, even if it actually tapers off, Nvidia will still first have to figure out how to ramp up the production for 2021 models.
PS5 and Xbox shortage may be slowing down
According to the same research conducted by Hollister, the PS5 and the Xbox scalping bonanza may be coming to an end. Unlike the GPUs, these two consoles aren’t selling like hotcakes in the open scalping market. He arrived at this conclusion because there are still a considerable number of listings of PS5 and Xbox in online markets.
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