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[SP] HDD Crisis Was Fake: Seagate and Western Digital Post Big Profits  

post #1 of 237
Thread Starter 
http://news.softpedia.com/news/HDD-Crisis-Was-Fake-Seagate-and-Western-Digital-Post-Big-Profits-266676.shtml
Quote:
Hard drive manufacturers Seagate Technology and Western Digital have reported great financial results after such a prolonged hard disk drive “crisis.”

There was always talk about the fact that hard disk drives are so cheap, that the profitability of the manufacturers is getting low enough to limit the R&D investments they would otherwise make.

Many industry insiders were talking about overstocking and lowering profits. The situation was bleak.


How reliable is this source and was it posted before? This is freaking crazy.
post #2 of 237
looks like some companies have to do some explaining...
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post #3 of 237
Nothing is surprising now cuz all the companys want to do is have huge profits.
post #4 of 237
Hard Drive prices seems to be going down again. I picked up my F4 at a steal of $75, just before the "crisis" now it's $129.
http://www.newegg.com/Product/Product.aspx?Item=N82E16822152245

This part was alarming:
Quote:
In a report from earlier this year, we found out that Seagate even managed to increase its HDD shipments with around 2% when compared to the previous year. Where exactly was that “crisis?”
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post #5 of 237
Not surprised one little bit if this is true.
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post #6 of 237
Of course they made good profits. The cost of the drives went up (apparently enough to offset the alleged impact on production) and, at the same time, I'm sure insurance took care of whatever flood damage was incurred.

This does not mean that there wasn't a supply issue.
    
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post #7 of 237
Thread Starter 
Quote:
Originally Posted by Oedipus View Post

Of course they made good profits. The cost of the drives went up (apparently enough to offset the alleged impact on production) and, at the same time, I'm sure insurance took care of whatever flood damage was incurred.
This does not mean that there wasn't a supply issue.

This negates that logic though,
Quote:
In a report from earlier this year, we found out that Seagate even managed to increase its HDD shipments with around 2% when compared to the previous year. Where exactly was that “crisis?”
post #8 of 237
I maintain that Seagate ships broken drives as a matter of course. They just got less choosy after the flood. Maybe they shipped some drives without motors or platters because they couldn't source the parts.

I'm only sort of joking, here.
    
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post #9 of 237
no one on this website is surprised at that. Everyone was calling bc
 
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post #10 of 237
There are plenty of Armageddon/Apocalypse survival kits out there, should we blame them for all the idiots that really believe in Y2K? I mean 2012? Or was that 2060?

Everyone went nuts and bought HDD's at a premium due to their own misguided beliefs that all hell would break loose if they...ran out of HDD space. What a trip. Good on Seagate/WD/Toshiba/whoever that capitalized on that ridiculous notion.
APU what?
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Overclock.net › Forums › Industry News › Rumors and Unconfirmed Articles › [SP] HDD Crisis Was Fake: Seagate and Western Digital Post Big Profits