IDC: HDD production will fully recover soon, prices probably won't

By Matthew
Apr 4, 2012
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  1. Between Japan's earthquake and Thailand's flooding, hard drive makers had a rough 2011 with year-over-year shipments declining 4.5%, but the industry is well on its way to rebounding. IDC reports…

    Read the whole story
  2. sapo joe

    sapo joe TechSpot Member Posts: 80

    I was to buy another 2tb HDD for my PC, but I gave up since the price rising. And probably will have to wait for one more year to get a fair price on it.

    Probably for the best, I'll end up buying a Blu-Ray burner and use it to backup my files.
  3. MrTomTom

    MrTomTom Newcomer, in training Posts: 22

    I'm so lucky that my TB HDD failed 2 months after the floods.
  4. H3llion

    H3llion TechSpot Paladin Posts: 949   +97

    Disgusting. Well I better hope that my RMA will work out, I am running out of space and will not buy another HDD till price drops back down.

    Samsung SpinPoint F3 1TB £49 @ Kikatek.com. Looks like il be ordering soon.
  5. Scshadow

    Scshadow TechSpot Maniac Posts: 333   +31

    Did these companies not have flood insurance? Well of course they did. Any excuse to overcharge is a good excuse.
  6. Western Digital and Seagate are criminals; it is illegal to take part in price fixing. How could trade overseers sanction the merger of Hitachi and WD etc?

    This is severe corruption.

    I keenly feel apathy and disgust. The money grubbing corporations sicken me.
  7. @Scshadow: I don't think such a thing exists. Ensuring companies famously never cover damage done by nature. Or else they would be bankrupt the moment a flood hits.

    Unless I'm misinformed of course.
  8. Back in 2008 we had record flooding in my area that was called a 500 year flood in most effected areas. There are several large industries located right on the river that flooded among them was the largest Quaker Oats manufacturing facility in the US. Like most of the other companies they were self insured and had already put away money into funds in case of natural disaster or other catastophe. Nearly all large businesses and corporations use similar plans, so they may not have had "flood insurance", but they definately had some type of money set aside if something like this happened. Also, to be noted is the fact that Quaker Oats was back up and running at full production within about 6 months and they even built a flood wall to prevent future issues. Needless to say even 4 years later the city itself still hasn't done much to get back on track in many effected areas.
  9. Don't forget to mention resellers like Newegg who jacked their prices up 300% or more on product that was already sitting on their stock shelves.
  10. MilwaukeeMike

    MilwaukeeMike TechSpot Evangelist Posts: 2,011   +683

    Sale price is based on replacement cost. It's why gas prices change everyday, not when the station refills it's tanks. This is how all businesses work. Would you sell hard drives for less than it would cost you to buy new inventory?
  11. MilwaukeeMike

    MilwaukeeMike TechSpot Evangelist Posts: 2,011   +683

    Of course flood insurance exists. If you're a homeowner in the US you must specifically have it included in your policy, but it definitely exists.

    And why do you think insurance would prevent an increase in prices? A decrease in supply with steady demand equals an increase in price. I'm not going to explain anymore econ 101 here, but this thread is full of ignorance. Corruption and price fixing because their plant was flooded? What?
     
  12. mosu

    mosu TechSpot Enthusiast Posts: 295

    Because companies like actual prices of hard disks and because people still pay the price asked.
  13. Prices won't go down because the Hard drive Manufactures cornered the market and are now Monopolist. Bottom line plain and simple.
  14. parasit3

    parasit3 Newcomer, in training

    Remember when you could get TB hard drives for as low as $40? God, the floods ruined it.
  15. its easy... you want the prices to drop, then stop buying.


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