Wednesday, February 14th 2018
Newegg Repents for Overpricing AMD APUs by Partially Refunding Customers
California-based Chinese PC hardware retailer Newegg late Tuesday, issued partial refunds to customers who bought highly marked-up AMD Ryzen 2000-series APUs with Radeon Vega graphics. At launch, Newegg marked up the Ryzen 3 2200G and the Ryzen 5 2400G by as much as US $20 above their MSRPs of $99.99 and $169.99, respectively. The 2400G was listed at $189.99, a price that greatly erodes the chip's competitiveness in the market against similarly-priced Intel chips. Newegg has since "lowered" prices of the two chips back to their MSRPs, and is writing to those who bought the chips at marked-up prices, intimating them of refunds of the mark-up back to their original mode of payment.
Source:
GamersNexus
48 Comments on Newegg Repents for Overpricing AMD APUs by Partially Refunding Customers
Personally, I would argue that any retailer that allows the "inexperienced with them" to pay them an extra $2.99, or whatever it is, for "expedited service" that does nothing to speed your order to you is questionable at best. As I see it, anyone clicking that box is telling newegg, "sure, rip me off! I don't mind giving you money for nothing!" IMO, newegg is not much better than amazon. Recently, I have found that B&H seems the best - though I have never returned anything to them.
Repents? :roll:
So I think (if I dare so boldly) nobody "told you" anything, it was just a deduction based on the line that even you thought you shouldn't have written... if that makes sense.
Anyhow I'm not here to offend you and if I did, I'm sorry.
Ryzen 3 2200G: BACKORDER status and back up to $129.99
Ryzen 5 2400G: IN STOCK and back up to $189.99
:rolleyes: Good job Newegg.
In Canada, I have to say Newegg served me the best, comparing to NCIX/CanadaComputer. Their Threadripper was available on day 1 and at the lowest price among the sellers which I could attribute to their US logistic network. Meanwhile, all other sellers were on pre-order, let alone they had it for another 100-200 more......
Considering the current prices GPU's are fetching, I could see the 2400G selling for $250 and the 2200G for $150.
If you can find the DDR4 required (or already have it), the 2400G is a solid gaming CPU that comes with a built-in GPU as strong as the (currently) $150 RX 550.
Its higher now
LTC is the coin called Litecoin, Litecoin are only mined with ASIC machines. ASIC machines are different from graphic cards. good lord......
Right & you never heard of mining LTC on the first (gen) GCN cards? Either you're being intentionally obtuse or you support no holds barred profit making, which is it?
Of course I support any business that makes a profit, I run my own business so I know how it works. Some of my items are only 20-30% profit margins but some others are over 300% margins. I knew someone personally who made over 1000% margins on hand crafted items.
Newegg used to have great customer service for the 15 years I've dealt with them, until they sold out to the chinese, never had an order get messed up, or a return (if there was one) get "lost" like PerformancePCS did to me twice. After the big change in ownership, prices increased on a few items here and there, nothing conspicuous at first, then 3rd party sellers were added that were [mostly] from China and shipping became a nightmare of "hurry up and wait" for the slow boat from China (pun). If there was any stock left in North America it didnt appear to be much.
The price gouging on Newegg was made more visible to everyone with the release of Vega. So ya I can blame them about Vega and yes you could buy the card at a lower price from other stores if there was any in stock at the time. The sad part was that some other retailers were basing their prices on what Newegg was charging. I was lucky to get my 1080 gaming X for $500 (or close to that). Now go look at the prices.
Newegg lost my loyalty, the only time I will buy from them again is if no one else has what I need.
There are more people who understand about profit/loss on this forum than you think, for instance I also run business outside of tech. So don't go assuming that whatever Newegg does is what I'd do or anyone else, if we were in Newegg's shoes! According to you Martin Shkreli must be hero for giving insane returns to his shareholders right, everyone else be damned?
If you know what LTC is then why did you say anything about 1st gen GCN. Who cares about that, that was years and years ago.
I still dont know what you are trying to say or do.