In short: Graphics card shipments grew 1.4% quarter-on-quarter in the first three months of 2022 to 13.4 million units. This is 32.2% more than in the same period last year. Over the past 10 years, card shipments have historically fallen by an average of 4.9% from the fourth to the first quarter.

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Jon Peddie Research (JPR) also noted that more than $8.6 billion worth of standalone GPUs were shipped in the first quarter, a significant drop in revenue from the $12.4 billion worth of cards sold in the fourth quarter of 2021. This was due to the drop in the average selling prices of the cards, which is great. news for consumers who have been paying well above MSRP over the past few quarters.

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Nvidia maintained its lead in this category with a 75 percent market share, while AMD’s share increased slightly to 24 percent.

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Looking ahead, Dr. John Peddy said the second quarter is usually lower. World events are likely to catch up with the market, meaning we could see a drop in shipments of 20 percent or more. JPR analyst Robert Dow added that shipments could recover later in the year with the launch of new product lines and Intel’s entry into the market.

JPR has been tracking add-on board (AIB) shipments quarterly for approximately 35 years. According to the firm, sales peaked in 1998 at 116 million units. By comparison, only 42 million devices were shipped in 2020. Last year, that figure rose to 50 million.