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Seagate: HDD prices cannot go down until end of 2012
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The following comments relate to this news article:
article published on 17 November, 2011
Seagate CEO Stephen Luczo has some bad news for anyone in need of a new hard drive - prices will stay inflated until at least the end of next year.
Due to the flooding in Thailand, which has left 13 million people homeless and a significant amount of factories with over 3 feet of water, hard drive prices have soared 20 percent in the last month.
Says the CEO:
This is going to take ... [ read the full article ]
Please read the original article before posting your comments.
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17. November 2011 @ 17:09 |
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17. November 2011 @ 17:21 |
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Originally posted by hikaricor:
20 percent my ass.. http://camelegg.com/product/N82E16822145493
Great chart, and yes I thought the CEO was underselling, as well. Keep in mind he is talking about what he charges wholesale to retailers, not what they choose to sell at. I have noticed that prices are around 100-120 percent markup at NewEgg for all HDDs also.
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AfterDawn Addict
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17. November 2011 @ 23:08 |
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The end of 2012? I guess that is the end of Seagate...their quality has dropped significantly and their prices were not competitive anyway...if they are going to keep prices high after WD drops the prices on better drives, they are dead.
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mscritsm
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18. November 2011 @ 08:48 |
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Originally posted by KillerBug:
The end of 2012? I guess that is the end of Seagate...their quality has dropped significantly and their prices were not competitive anyway...if they are going to keep prices high after WD drops the prices on better drives, they are dead.
The flooding problem affects WD as well. I doubt they are going to be able to keep their prices any lower.
The net effect of this will be to speed the switchover to SSDs. With the price difference decreasing, they will look a lot more attractive, and the increased volumes will encourage the SSD industry to expand capacity and lower prices.
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SoulGLOW
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18. November 2011 @ 09:27 |
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Fuck! no wonder i cant find a good WD drive in a black friday ad.
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18. November 2011 @ 10:46 |
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Originally posted by KillerBug:
The end of 2012? I guess that is the end of Seagate...their quality has dropped significantly and their prices were not competitive anyway...if they are going to keep prices high after WD drops the prices on better drives, they are dead.
That would be my belief, they are shooting themselves in the foot it sounds like!
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18. November 2011 @ 12:20 |
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I refuse to believe that Thailand is the ONLY manufacturing/distribution outlet for HDDs. I'm not insensitive to the folks there, but talk about putting your eggs in one basket. Corporations thinking with their 'money boner'? I don't think so.
This is just another excuse (similarly used by oil companies) to keep prices bloated, which also happens to be strategically during the holidays. They're firing up custom Cheech & Chong rolled Cohiba cigar & giggling like 4th graders that just through a cherry bomb down the boys room toilets as the principle went in to take a dump.
No, they're not making a killing on the market like the oil companies, but they stand to make a huge profit in an enterprise that isn't making huge leaps & bounds as it was 15 years ago.
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plazma247
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18. November 2011 @ 12:33 |
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20% where do they get these figures from, im seeing min of 100 percent to 150+ percent ever place I look...!
If the price increase really was only 20% it wouldn't be so bad... !! and I wouldn't be as pissed off as I am right now !! So who is getting greedy and taking the other 80 percent ?? ALL OF THEM THATS WHO !!
It does really make me think that along with all the business out their selling the stock the last of the stock they bought at normal prices and making massive profits post the flood that seagate them self's have decided to make a little extra to offset the unfortunate event and their losses as a result...?
Makes me wonder if another manufacture will invest heavily and pushes up production to cope with the demand. As doing so will leave them in a far far more profitable and favourable position when seagate recovers to a normal and sensible price.
As for seagate whilst they get the factory dry they should consider investing heavily in a production plant in other territories to ensure that this can never happen again as i can see this is really going to cost them dearly in the long run not doing so...!
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adammendo
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18. November 2011 @ 12:50 |
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Originally posted by LordRuss:
I refuse to believe that Thailand is the ONLY manufacturing/distribution outlet for HDDs. I'm not insensitive to the folks there, but talk about putting your eggs in one basket. Corporations thinking with their 'money boner'? I don't think so.
This is just another excuse (similarly used by oil companies) to keep prices bloated, which also happens to be strategically during the holidays. They're firing up custom Cheech & Chong rolled Cohiba cigar & giggling like 4th graders that just through a cherry bomb down the boys room toilets as the principle went in to take a dump.
No, they're not making a killing on the market like the oil companies, but they stand to make a huge profit in an enterprise that isn't making huge leaps & bounds as it was 15 years ago.
Well said!
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hearme0
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18. November 2011 @ 12:59 |
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Originally posted by SoulGLOW:
Fuck! no wonder i cant find a good WD drive in a black friday ad.
Man o man..........I was just thinking that same thing, "what about Black Friday sales on HDDs?" I want one
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AfterDawn Addict
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18. November 2011 @ 13:12 |
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Oh man...
I just sold 2 of my 1Tb drives on ebay. Didn't get quite as much as I was hoping. Now I'm almost sorry I sold them :S I was thinking that this problem would probably be over within a few months. But they're projecting late 2012? Wow! Eh, I prefer larger drives now anyway. 2 and 3Tb drives are more practical for somebody like myself. I'd really like to see them bump the size up again. A 10Tb drive would be incredible :D
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18. November 2011 @ 13:26 |
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Originally posted by LordRuss:
I refuse to believe that Thailand is the ONLY manufacturing/distribution outlet for HDDs. I'm not insensitive to the folks there, but talk about putting your eggs in one basket. Corporations thinking with their 'money boner'? I don't think so.
This is just another excuse (similarly used by oil companies) to keep prices bloated, which also happens to be strategically during the holidays. They're firing up custom Cheech & Chong rolled Cohiba cigar & giggling like 4th graders that just through a cherry bomb down the boys room toilets as the principle went in to take a dump.
No, they're not making a killing on the market like the oil companies, but they stand to make a huge profit in an enterprise that isn't making huge leaps & bounds as it was 15 years ago.
Actually they do think with a boner and I believe that is true here.
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18. November 2011 @ 13:36 |
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Originally posted by omegaman7:
(...) I'd really like to see them bump the size up again. A 10Tb drive would be incredible :D
I wouldn't hold my breath waiting for that.
"You know, it seems that quotes on the internet are becoming less and less reliable." -Abraham Lincoln.
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doveman
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18. November 2011 @ 13:40 |
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Originally posted by mscritsm:
The net effect of this will be to speed the switchover to SSDs. With the price difference decreasing, they will look a lot more attractive, and the increased volumes will encourage the SSD industry to expand capacity and lower prices.
Yeah, the price difference has decreased because HDs are now ridiculously expensive. Do you think that someone who could afford to spend £35-£50 for a 500GB-1TB drive is suddenly going to be able to find £400 for a 256GB SSD? And why would they, when they can still get a 1TB HD for about £100 (which still may be unaffordable to many people, myself included)?
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AfterDawn Addict
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18. November 2011 @ 13:48 |
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LOL! I realize I have a bit of a wait for something like 10Tb. I can dream can't I? :p
We'll certainly see 4Tb before anything else. It'll likely be 1Tb platters X4. Platters will probably never see 1Pb. A petabyte drive will probably be based on Solid state technology. I would guesstimate at least 10 - 20 yrs on that feat! I'm patient! :D
To delete, or not to delete. THAT is the question! |
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plazma247
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18. November 2011 @ 13:50 |
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Whoo not that i want to rub anyones nose in it.. more two fingers back up at the suppliers and their prices.. ive remembered ive got two customers with 4 x 1tb drives between them that came out of server upgrades... 4tb probably wont last me the year ... but it will put off me buying any expensive drives for my nas for a while :)
Just as a side note, how long is it going to be before people consider turning back to the days of drive compression to eak a little more space.. btrfs anyone .. ?
This message has been edited since posting. Last time this message was edited on 18. November 2011 @ 13:58
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18. November 2011 @ 14:16 |
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The problem with compressing hdd's or partitions is you will not gain much with compressed archives, compressed music, compressed movies and so on. And the down side is huge so I just don't see it happening like it did years ago.
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Mez
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18. November 2011 @ 14:19 |
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My only question is how many millions the CEO is making on his bonus.
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18. November 2011 @ 14:52 |
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Originally posted by omegaman7:
LOL! I realize I have a bit of a wait for something like 10Tb. I can dream can't I? :p
We'll certainly see 4Tb before anything else. It'll likely be 1Tb platters X4. Platters will probably never see 1Pb. A petabyte drive will probably be based on Solid state technology. I would guesstimate at least 10 - 20 yrs on that feat! I'm patient! :D
20 years? In 20 years a petabyte will be necessary to download one 4k resolution movie for our 200-inch OLED TVs :p
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18. November 2011 @ 14:59 |
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@omegaman7, I think pretty much the same as you do. If nothing changes in a very short term, magnetic and optical technologies are clearly on their way to face extinction.
I don't think compression is a good idea because, as mr-movies said, you won't be gaining anything since the kind of data which actually wastes most of the storage space is compressed already.
IMHO, it will become a question of selecting more what you want to preserve. Let's face it, the free space on our devices will always be too little, it doesn't matter if we have one or 50 TB of storage. We'll adapt to the space we have, as we always have done.
"You know, it seems that quotes on the internet are becoming less and less reliable." -Abraham Lincoln.
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AfterDawn Addict
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18. November 2011 @ 14:59 |
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I bought 2 500gig western digital hard drives for £60, same HDs are now £105 each! OUCH!!!
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plazma247
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18. November 2011 @ 15:09 |
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@Mr-Movies,
Yeah compressed files wont probably gain much more compression if any at all... but for uncompressed files eg office documents, databases etc it would be well worth it.
Yeah there is a cpu / speed trade off, but still depends on what your storing.
Reading up on the specs of btrfs and some upto date comparisons it doesn't actually look like such a bad option when compared against the drive compression systems of the past.
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18. November 2011 @ 15:15 |
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Originally posted by DVDBack23:
20 years? In 20 years a petabyte will be necessary to download one 4k resolution movie for our 200-inch OLED TVs :p
According to Moore's Law, which, please anybody feel free to correct me if I'm wrong, applies also to storage, we'd be getting twice the capacity for the same price every two years.
So, if now an average standard for capacity vs price is a 3 TB drive, in 2 years it should be a 6 TB one and, in 20 years, let's see... 3 x 2^10 = slightly over 3 PBytes. In fact, it should be normal to see 1 PB drives in any home in about 17 years time. Around the corner! :)))
But, of course, if we are thinking only of SSD technology (with mechanic drives being very likely obsolete by then) it might take a bit longer, because the GB price is still much higher at this moment.
And, of course, the capacity of any drive will be directly related to the intensity of the mental disorder of its owner if all of the stored data gets lost. X-D
"You know, it seems that quotes on the internet are becoming less and less reliable." -Abraham Lincoln.
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plazma247
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18. November 2011 @ 15:52 |
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This message has been edited since posting. Last time this message was edited on 18. November 2011 @ 16:11
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18. November 2011 @ 16:28 |
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Of course, it's a domestic, single, affordable 3,5" (or 2,5") drive we're talking about. That, in 2-5 years time? Wanna bet? Please, do! :)
"You know, it seems that quotes on the internet are becoming less and less reliable." -Abraham Lincoln.
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