AMD’s sales of graphics cards for mining have fallen

The company Advanced Micro Devices (AMD) has published a report on the results of the second quarter of 2018. The sales volumes of the graphics cards (GPUs) necessary for cryptocurrency mining have fallen.

The total revenue of the structural units of Computing and Graphics, which deal with the issuance of graphics cards, have fallen by $3% to 1.09 billion. However, this result is 64% higher than the last year's financial indicators of the companies.

Lisa Su, the President of the company AMD, pointed out that the special graphics cards accounted for only 6% of the total sales, .i.e.mln US$ 65.4. This figure was 4% higher last quarter. The downturn is related to the decline in the demand for the cryptocurrency mining equipment.

“The increase in revenue was due to the successful sale of the products of the Radeon series, as well as the continuing demand for the Ryzen products. The decline in revenue this quarter is mainly due to the relatively low revenue from the GPU products for the blockchain solution market,” claimed Lisa Su.

The company believes that the demand for mining graphics cards will continue to decline in the future and hopes that the sale of other products will compensate for it.