I hate to say I told you so. But back in October I pondered whether AMD might give up on gaming graphics chips for PCs. Now, AMD has released it's latest financial results and things only look more ugly.
For the first quarter of 2024, AMD said that its gaming revenues were down a massive 48% compared to the same period in 2023. While some of that fall reflects an inevitable cyclical downturn in revenues from games consoles—put simply, the consoles have been out for a while and sales are beginning to flag—AMD also conceded that "lower AMD Radeon GPU sales" were also to blame.
