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Retailers Respond To HDD Squeeze By Limiting Purchases, Raising Prices
SKYMTL writes "With Thailand experiencing its worst flooding in generations, component manufacturers have been especially hard hit. The trickle down effect is having a huge impact upon hard drive manufacturers in particular. Retailers have responded by drastic price increases and even limiting hard drive purchases to 1-2 drives per person."
Well, I just "bought" a pair of 2TB drives for storing all my legally acquired media files.
Classic PR tick to fake scarcity to make a bad deal appear better than it is. 99% of customers would only buy 1 anyway.
It means that they've changed from hi-tech marketing to commodity marketing like your grocery store always uses.
Tell your friends about xenu.net
My scheme of buying computer parts to sell them on at a later date finally pays off.
And "I" just bought a pair of 2TB drives for storing all my legally acquired media files.
The Occupy protests are centered around the fact that the wealth distribution in the United States is ranked about the same as Uguanda; Half the wealth in this country is controlled by approximately 1% of the population, which is the reason for the slogan "We are the 99%". Occupiers have been protesting financial institutions, especially banks.
Now if you hadn't had gone and shot your mouth off about something you clearly don't know anything about, I might have had a bit more sympathy for the rest of your argument. However, I'm going to have to mercilessly gut it now because I am the 99%, and I also have a healthy respect for capitalism -- within limits.
300 lives is nothing. About 120 die every day in auto accidents. Americans are more worried about gas prices there too. Is that because they're heartless? No, it's because those 300, or 120, or a hundred million lives are abstract people. I've never met them. You haven't met them. Nobody who reads this is very likely to have met them. They lived in total obscurity and then some natural disaster came along and went squish, and that was that. They have had little to no bearing on my life, or yours, or anyone's here. But the price of those goods -- that is something tangible, noticable, and therefore real.
You're bitching about human nature here, man. You're like Bono from U2. Nobody gives a damn about them and they shouldn't. They can't. We all got only a limited amount of time on this earth, and a limited amount of resources, emotional or otherwise. And the overwhelming majority of people are going to invest their emotions in things that are real, tangible, and close to them.
Now next time you feel like trying to go and take the moral high ground, don't piss on someone else's back and then say it's raining, mmkays?
#fuckbeta #iamslashdot #dicemustdie
Well I just bought a pair of "2TB drives" for storing all my "legally" acquired "media files".
~ Papa Lazarou.
...since they already bought the drives they are selling now, the price hikes are gouging...
No, they're simply anticipating and spreading out the damage. This is microeconomics 101, supply & demand.
Let's say you're a big retailer who sells 10,000 drives per month, buying them for $70 each and selling for $100 each. You make $300,000 a month selling those drives. That revenue pays the salary and benefits for a couple of dozen employees.
Then the manufacturer tells you that, due to factory damage, they can only supply you with 2000 drives per month for the next few months. If all prices remained the same (which they probably won't; the manufacturer will raise your wholesale price if they can), you would lose $240,000 of your monthly revenue.
Now, your market research tells you that there is sufficient demand to sell 2000 drives/month at $200 each. You will still lose $180,000 of your revenue every month, due to lower volume, but the volume is now constrained by your supplier, not the market. Bumping the price saves you $240,000.
So you mark up the price on all of your existing stock now. And you still lose heaps of revenue until the manufacturer gets back up to speed. Might even have to fire a few employees to cut costs.
Mirroring is the easiest form of backup.
*giggles*
DATABASE WOW WOW