Hard drive prices will only normalize by 2014, says report
| by Roydon Cerejo |
Although production of hard disk drives (HDDs) is rapidly recovering from the catastrophic Thailand floods that occurred in the October of last year, HDD average selling prices (ASP) are not expected to decline to pre-disaster levels until 2014, according to an IHS iSuppli Memory and Storage Market Brief report. The Thailand floods also shut down several hard drive manufacturing companies. Seagate and WD were both affected by the floods and prices of drives shot up further. Demand has continued to rise steadily, while supply has reduced and the extra stock depleted over the end of last year. In the wake of the floods, the ASP for the entire HDD market soared to $66 in the fourth quarter of 2011, up 28 percent from $51 in the third quarter. The ASP held steady at $66 in the first quarter, and is expected to decline marginally to $65 in the second quarter.
Prices continue to spin out of control
Tags: Hard Drive , Hard Drive Price , Hard Drive Price Decrease 2012 , Hard Drive Price Hike , Hard Drive Price Increase , Hard Drive Price Rise , Hard Drive Price In India , Hard Drive Prices Skyrocket , Hard Drive Prices Come Down , Hard Drive Prices Going Up
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