Caporegime
The results so far after 755 votes:
$499 36.8%
$599 49.4%
$699 13.8%
Looks like it needs at least a $200~$300 price cut at least,and Nvidia still will be increasing the prices.
Also,trying to excuse make that "poor Nvidia" can't make any money is a load of nonsense. Tech companies can make higher margins over a couple of years than Big Pharma and IIRC even energy companies. The latter gets vilified all the time. Just shows how much marketing indoctrination has happened to PCMR,and its turning into a Cult.
PCMR and Gamers in general,seem to be amongst the weakest consumers out there. They are very gullible to marketing and FOMO and it seems very easy to get them to pay beyond the odds for things.
None of these companies can expect their customers to act like Socialists to prop up their margins,especially since companies like Nvidia get massive tax breaks:
These 91 companies paid no federal taxes in 2018
A new report from think tank says some of the biggest companies in the country had effective tax rates of 0% or less in 2018.
www.cnbc.com
Also in the US energy prices haven't risen like in Europe,because they have plenty of their own nuclear power and LNG,and still burn coal.
Most electronics products are also made in Asian countries like China and Japan,who are still importing fossil fuels from Russia at lowish prices.
One of the reasons why European energy prices are skyrocketing is because Europe imported a lot of oil,gas and coal from Russia,and lots of fertiliser for agriculture. The sanctions meant we had to find more expensive alternatives in a market where there is limited capacity. Even the US still imports fertiliser from Russia!
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