Soaring hard-drive prices
2011-11-17 - "Floods in Thailand — and an ensuing worldwide purchasing panic — have pushed the price of hard drives to nosebleed heights and left us all with fewer choices... the cost of hard drives is spiking, as if you were investing in the gold market. For example, 1TB drives are up to three times more expensive than they were just a month ago... Just one month ago, that Seagate drive sold for U.S. $54.99. As of Nov. 10, it had jumped to $149.99. To add insult to injury, Newegg limits purchases to one of these drives..."
Nov 21 2011 - "... Western Digital has been ordered to pay $525m by an arbitrator regarding claims made by rival storage outfit Seagate. Seagate alleged that Western Digital and one of Seagate's former employees had misappropriated confidential information and trade secrets. The arbitrator in the case rendered the award of $525m against Western Digital, an assessment that Western Digital claims lacks any basis in law... Western Digital and Seagate recently announced that they will buy Hitachi GST and Samsung's hard drive operations, respectively. The moves will see the two firms duking it out, with Toshiba a very distant third place. The fact that Coyne mentioned the Hitachi GST merger shows how important it is for the firm to complete the deal. If it falls through and Seagate completes its purchase of Samsung's hard drive division, Western Digital might be left at a disadvantage for competing with Seagate. At present the hard disk drive industry has been reeling from the devastating floods in Thailand. With suppliers being forced to shutter factories, disk drive prices have increased sharply..."
November 21, 2011 - "... Western Digital held a 32% market share in worldwide hard drive unit shipments during the second quarter this year, while Seagate held a 31% share, according to iSuppli..."
Disk drive prices swell 5% every DAY in floods aftermath
25 November 2011
Edited by AplusWebMaster, 26 November 2011 - 10:33 AM.