Tul Corp’s revenue has dropped by 60% since the mining slump
Tul Corp’s revenue has dropped by 60% since the mining slump
Since the start of this year, the demand for graphics cards has decreased significantly, mostly thanks to reduced demand from cryptocurrency miners. This shift in the marker had lead to graphics card manufacturers having poor Q2 performance, at least when compared with the previous four quarters, when cryptocurrency mining demand was at its peak.Â
The Tul corporation has officially released their June 2018 sales data, revealing that the company’s revenue has decreased by around 26.4% since May and that their total Q2 income has decreased by approximately 60% when compared to Q1.Â
While Tul’s Q2 revenue remains higher than the same period from last year, it is likely that Powercolor’s revenue will continue to decrease in Q3, as mining demand isn’t expected to increase and AMD are unlikely to release a new generation of graphics hardware to push new hardware sales.  Â
  
(Table from Seeking Alpha)
With Tul being an AMD/Radeon exclusive graphics card manufacturer, it is likely that other Radeon AIB partners are seeing similar reductions in revenue from their Radeon graphics cards lineups. Geforce graphics cards have also seen reduced sales figures in recent months, though their greater popularity amongst gamers has limited the impact of lowered mining demand, especially after prices normalised for most Nvidia products.Â
You can join the discussion on the Tul Corp’s decreased revenues on the OC3D Forums.Â
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