Industry analysts recently claimed that AMD, Nvidia, and their manufacturing and retail partners are sitting on tons of unsold GPUs they made during the cryptocurrency mining craze, and now, Digitimes' industry sources say that they've begun cutting prices to get rid of them. More specifically, the sources claim that the RX 580, GTX 1070, and GTX 1060 are getting significant price drops, which may adversely impact the profit margins of GPU makers and sellers in the coming months. The inventory digestion process may not end until mid- to late-2019, the sources noted... Taiwan-based first-tier players have mostly seen losses from their graphics card businesses for the past two months. Although Nvidia has been planning new products for the entry-level to mid-range segments including GeForce RTX 2060, GTX 1660Ti, and the upcoming GTX 1660 and GTX 1650, to maintain its profitability, graphics card players are only expected to earn little from the new cards. With Nvidia releasing new cards and cutting prices to clear out its previous-generation inventory, AMD is currently under heavy pressure to lower its quotes, while players selling AMD-based cards are also facing strong competition from Nvidia-based ones.