What They Say
IDC put out a release with details of its results on the sales of gaming PCs and monitors, which it rates at 55 million in 2020, up 26.8%. Gaming monitors hit 14.3 million, up 77% and IDC said that more attachment to notebooks means that it expects CAGR for gaming monitors of over 10% to reach 23.5 million. (Global Gaming PC and Monitor Market Hit New Record High in 2020, According to IDC)
What We Think
Sales of gaming devices are restricted because of supply issues, but also because GPUs continue to be bought for crypto-mining. Those that are winning from the Bitcoin bubble will not want to see the momentum slow, but recent data that shows that 0.59% of all global energy consumption is taken by Bitcoin mining. Consumption has been rated at 128 terrawat-hours annually, slightly above the electricity consumption of Argentina! (BR)
