That's the thing: NV, AMD, and now Intel already know that. There's a limit to the number of cards they can sell to people chasing top performance. So the trick is to push prices ever higher, and maybe drag everyone else along for the ride wherever possible.
When I first got into PC gaming heavily, my first card that I bought for a custom system was a GeForce 2 Ti 200 (I had an ATI card in my pre-built P5-100 machine). It was a decent midrange card that performed below GeForce3 solutions, but outperformed some previous GeForce2 products, and definitely sat above the entry-level category. I don't remember what I paid for it, but it had to be $150 or less. Here's an old roundup of GeForce 2/3 products from AT:
https://www.anandtech.com/show/873/24
The GeForce 2 Ti 200 products ranged in price from $115-$125 depending on which one you got.
Can you get a midrange card today for $115? No. Midrange is slowly vanishing anyway, but if you want to think of a 1660Ti as midrange, then you can see how prices have moved.
Only if you're willing to make compromises on framerates and/or image quality. Take the used card market out of the picture and look at what's available today: can you guarantee a 1% or .1% percentile of 60fps @ 1440p in current titles with something like an RX590?
https://www.anandtech.com/show/13570/the-amd-radeon-rx-590-review
For many of those games, the answer is "no". Even RX Vega 64 struggles in a few areas. My overclocked Vega FE had issues staying above 60 fps all the time in a few games that didn't like it, like Fallout 4 (though that may have been more my CPU). Compare that to the Quake III Arena benchmarks from the old 2002 AT benchmarks: every card tested was way over 60 fps! Resolutions were lower back then, but still. If you had a monitor that supported 1280x1024 or 1600x1200 then you could get that higher resolution and probably still not drop below 60fps very often.
So yes, I respect that you (and many others) have set price limitations on what you will pay. It's smart not to cross those lines. We are still all paying more for less. Intel knows that, and will price accordingly.
The price you listed were not launch prices of these cards, those prices were after some time on the market already. Below is the launch prices and they were not all that great upon closer inspection.
https://www.tomshardware.com/reviews/nvidia-launches-titanium-series,371-10.html
Look at the specs and build of the cards and you will realize much of the reason why prices were so low back then is because these cards were budget cards compared vs the high end of today. The card you are referring to is incredibly low end in todays market in terms of design and bill of materials.
https://www.techpowerup.com/gpu-specs/geforce2-ti.c794
Yes it was 150 dollars, but the die size was only 81mm, the PCB was tiny and basic requiring a single slot cooler and no additional power connector. These cards were basic, cheap to make and have nothing on the midrange of today.
Even the high end look like low end graphic cards.
https://www.techpowerup.com/gpu-specs/geforce3-ti500.c741
128bit bus, 128mm2 die size and 350 dollars MSRP with a power consumption of 50-75 watts.
Simply looking at the appearance of these cards, we can see they resemble the low end of today. If cards were not allowed to flesh out and increase in price to reflect the market desire for faster card, we would likely have tiny GPU's still and this can be seen from the CPU market which has largely stagnated in comparison because although prices didn't grow, CPU companies cut corners by making smaller chips which resulted in much less performance increases.
If you don't believe me, look how long and the type of pricing Intel charged for 4 core chips for so long. People praised Intel for not increasing the price of their x700k series chips but if you look at the size of the chips, you realizes if this was like the GPU market, these CPU would have been relegated to budget processors if the market moved like the GPU one. E.g Lynnfield or the 870k was a 293mm2 die. By the time skylake came out, the chips had shrunk to only 114mm2 die with only 50mm2 of that dedicated to CPU.
Both of these were 4 core chips and although the cost was the same mostly, the chips we were getting were tiny. This is equally presented by the increase in performance over the years.
https://forums.overclockers.co.uk/threads/lynnfield-i7-skylake-i5-performance-compared.18736047/
Between lynnfield and skylake, for gaming performance, the improvement is embarassing.
https://www.techspot.com/article/1039-ten-years-intel-cpu-compared/page3.html
We can extrapolate from above because skylake was not much of any improvement over a 4790k, that we might be seeing double the performance between the i7 870 vs the i7 6700k but games it was like 30%.
The high end cards today, have increase in speed much faster than the CPU market because chips grew in size with advancing nodes and the extra cost was absorbed and accepted by the consumers.
Compare this to GPUs over the same period of time, and we will see the difference in performance is 8x to 10x comparing a gtx 980 ti vs a gtx 285.
The big reason why is because these chips did not shrink in size with increasing nodes advances and power consumption was allowed to go up which allowed the size and complexity of the chips to grow. E.g from 240 cores to 2816 cores. Not the static 4 cores of the CPU market for the longest time.
Ultimately what I am trying to say is GPU's were allowed to evolve and mature because the chips were allowed to grow beyond their humble beginnings which is possible because of the cost being passed onto consumers and the consumer accepting it.
The CPU market is starting to show the same desire which is why we are seeing $3000 processors from Intel and $2200 processor from AMD in the consumer CPU market with a substantial increase in core count finally to reflect how long we were stuck with 4 to 8 cores.
If high end chips were around 300 dollars and everything scaled downward to support that pricing structure, we would not have the big complex chips we have today and fondness and nostalgic memories of the past really do not look that great upon inspection.
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