The price drop comes just a few hours before launch and is certainly a departure from their price when it was first unveiled at E3 last month. The Radeon RX5700 7nm chips will be available for $50 cheaper than the initial price it announced in a tweet.
"AMD embraces competition, which drives innovation to the benefit of gamers. In that spirit, we’re updating the pricing for Radeon RX 5700 Series graphics cards." the company said.
The price adjustments are as follows, the base Radeon RX 5700 1.7 Ghz announced at $379 is now at $349 this is now priced in line with Nvidia's RTX 2060. the 5700XT 1.9 Ghz is launching at $399, a $50 reduction and the 50th anniversarry editon card with higher boost speeds is now $449 down from $499 cheaper than the RTX 2070 Super.
On paper, Nvidia looks to be winning on performance but this price drop from AMD will certainly change perspectives and AMD as they've rightly said, "Competition is heating up in the GPU market."