It hasn’t been a week since NVIDIA launched its new GeForce GTX 1660 Ti and we can already see another response from AMD. The first we’ve seen is the price slash for its Vega 56 prior to the GTX 1660 Ti launch, cutting down the price from $399 to $279.
Rumor: MSRP of RX580 8GB at 199$ and of RX590 at 229$ in next weeks.
— Bits And Chips – Eng (@BitsAndChipsEng) February 22, 2019
According to a tweet by Twitter user Bits And Chips, AMD might reduce the price of its RX 580 8GB from $229 to $199 and RX 590 from $279 to $229 by next week. This is an obvious move to take on NVIDIA’s newly launched mainstream GPU, the GeForce GTX 1660 Ti which was launched at $279. AMD has yet to release any public statement on the price cut, but if it really happens, we can expect a global price cut for both the RX 580 and RX 590.
Aside from the supposed pressure from the GeForce GTX 1660 Ti, the are other possible reasons for AMD to initiate this price slash – to clear off the remaining stocks for the Vega 56, RX 590 and RX 580 before they can get into the production for the upcoming Navi GPU that has been rumored to launch in July alongside the 7nm Ryzen 3 desktop CPU and X570 chipset motherboards.
Do keep in mind that these are the speculations at this stage, so take the information above with a grain of salt for now.