AMD CFO: Gaming Demand is Down 'a Lot' - News
by William D'Angelo , posted on 02 June 2024 / 4,925 Views
AMD CFO in an analyst call stated that demand for gaming is down "a lot" and revenue for the company is being dragged down by weaker sales in consoles as the PlayStation 5 and Xbox Series X|S are getting older.
"If you look at gaming, demand has been quite weak," said Hu. "That’s well known. Also [they have] inventory issues. We guided down more than 30% in the first and second quarters, and the second half will be lower than the first half. That is how we are looking for the gaming business this year."
AMD gaming revenue fell 48 percent year-on-year in the first quarter of 2024 to $922 million. This was due to lower semi-custom revenue and lower AMD Radeon GPU sales.
Thanks, VentureBeat.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Bad economy, bad games, bad business practices.
Papa Johns!
Games tend to do well regardless of the economy. Hence, if something that excited people launched it would do well.
Totally agree with the rest.
That’s because gaming is worse now than compared to the 360 era….and it’s not even close.
Add in the economy that’s being wrecked in the West, & you have a disaster brewing.
Consoles are expensive. Those that could buy it at full price already did, while those that wait for price drops to buy them and are responsible for keeping the momentum going, have seen how, outside of some temporal sales, the prices are not only not going down but, in some cases like the digital PS5 Slim. are actually going up,
So yeah, it makes complete sense that sales are falling, and they'll keep going that way until MS and Sony drop prices.
Phones are usually free as long as you stay with your carrier, trade in your phone for 800 get, buy new one financed over 2 years and every month gets the cost gets credited off your bill as long as you stay with your carrier.. You really only pay the sales tax on the phone. You need a phone, you don't need a console.
Phones are not free lmao. look at the difference you're paying vs a sim only contract, the price of the phone is factored into your monthly contract.
Technically yes, but look at this way my cost per month is the exact same if I have a new phone financed through Verizon/T-Mobile/Att with the monthly credits taken off from trading in my older phone, than if I had a 8 year old phone that isn't financed.
Personally the most I have ever paid for a phone was $200, because I buy older model unlocked phones and put them on one of the discount carriers. But like rap said in his post, you rarely pay anywhere near MSRP for phones in the US, the carriers usually offer huge discounts on Phones if you sign a 2 or 3 year contract with them, and the carriers frequently offer trade-in programs where you can trade-in your old one and get a new one for free or heavily discounted.
I agree I play more gems on my phone right now FANTASIAN first play threw I really like it to more fun then most console games lately when they make something I wanna play rare these days with all the inflation and shit triple a games coming out with no personality
Things haven’t been as expensive as they are now since the 80s.
It has already been said within the comments already. I will only add that people are not missing anything from contemporary media, it is all terrible.
Not surprising, so many people are living paycheque to paycheque. Tough times at the moment.
I think it's lack of interest in new content. Frankly, I would like to see this to be a really long generation. The hardware is being wasted anyhow.
I think it's because the top played games are still on the old gen systems. People don't have a reason to move. One of my friends didn't move until Hell Divers 2 came out and he was forced to.
