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Key FactsAMD's Gaming Revenue Plummets 48%, Unlikely Recovery Until 2025 - RDNA 3 Disinterest and Decline in Console Sales
May 1, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: tomshardware.com
  • AMD's gaming revenue dropped by 48% year-over-year in Q1 2024 due to decreased sales of processors for Sony and Microsoft consoles and lower demand for Radeon discrete graphics cards.

  • In Q1 2024, AMD's gaming segment earned $922 million, down 48% YoY and 33% QoQ. Predictions suggest a further decline throughout the year before a potential rebound in 2025.

  • AMD's main gaming business revolves around SoCs for Microsoft's and Sony's consoles. With declining demand for these products, platform holders have reduced their purchases of AMD processors.

  • Anticipation for the Radeon RX 8000-series RDNA 4 GPUs remains uncertain, with expectations of a significant revenue decline in 2024 and doubts about the launch and impact of high-end RDNA 4 chips.
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