Friday, November 23rd 2018
Following Crypto Bust, GIGABYTE May Hit the Red Line in Earnings
GIGABYTE, like most manufacturers of graphics cards, bet hard in the crypto craze to fuel demand for their graphics card solutions - an easy deal, considering the company is an AIB to both AMD and NVIDIA, which means they would cater to all of the cryptocurrency mining market. According to DigiTimes, market watchers are aware of the inventory buildup on GIGABYTE's watch, and cite the recent production issues with NVIDIA's latest RTX 2080 Ti graphics cards as reasons for the company to leave the black and cross the profit threshold towards a loss on the Q4.
GIGABYTE's Q3 was already reported as being a close cut in the earnings department, where the company didn't post losses simply because of non-operating incomes - meaning that inventory sold wasn't enough to offset all costs associated with bringing their products to market.
Sources:
DigiTimes, Gigabyte Image
GIGABYTE's Q3 was already reported as being a close cut in the earnings department, where the company didn't post losses simply because of non-operating incomes - meaning that inventory sold wasn't enough to offset all costs associated with bringing their products to market.
50 Comments on Following Crypto Bust, GIGABYTE May Hit the Red Line in Earnings
First spike:
Second spike:
I think everyone has already had their fair warning in 2011, and the 2017-2018 boom was wishful thinking at best. Why on earth would the same little trick work 6 years later instead of repeating itself? They could have anticipated this, very easily.
i took the view that bitcoin had peaked and that the other altcoins would take over.. at first i was correct.. he he
but again i will repeat its easy to be wise after the event.. :)
trog
That being said, I'm aware of the bad RMA practices, and the lousy customer support. I'm also aware their bioses tend to be shit (they leave them unlocked though, which I like). Any other reasons to dislike them? I mean if my customer return rate is anything to go by, board quality isn't awful, and other than RGB madness and the above, they aren't much worse than say ASUS in my books.
Oh, I'm certain that hatred is 100% earned. But still, there are others that do similar and get away with it. Curious what else people dislike that pushes them that much over the edge.
Not like their Quality is great like it was before 2013 and their Bogus RMA dept damaging parts so they don't have to grant the rma for their crap parts. GA needs new management...
I can safely say with certainty I made several times my investment. The only arguement I could make against it would be a labor one. But that was a different market than now. Don't mention the X399 XPower or it's Nikos PowerPaks. ;)
its laughable they are all losing money now
But the real issues, the ones I say they should go out of business for, are how they run their business and treat their customers. They are easily the worst company to do business with out of all the big names. They straight up lie to customers, they damage returns so they can refuse the RAM, they act completely cold when they are inconveniencing you, in fact they'll actually act like you are bothering them just to get a replacement for their broken product.