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ASUS Running Out of Hard Disks
The hard drive crunch continues; reader Thorfinn.au writes "ASUS has said it only has hard disk drive (HDD) inventory until the end of November. 'Substitutes for HDD are very few, so if the situation persists, not only notebook production will be affected but also desktops, and other component shipments will also drop,' Asustek CFO David Chang told Reuters."
The shortage is fake, just like the oil industry saying that ooooh, we had to sell this much to china, and we had a small tornado in texas, so now we have to double the price....what? the sky is blue today?....well that is a good reason to raise it another 10cents then.....
Seriously, the Chinese have caught on now to what the oil industry has done all this time, and are now lining themselves up to be in the same game with their raw materials. My thoughts are simple, we have millions of hdd sitting around doing nothing, instead of throwing them out, keep them for later, and see how much backup builds in their inventory....the prices will come way down. As well, with all the nano tech coming out, we use less and less materials to make these drives, So why say we are losing so much when we have actually made an improvement on the materials used.
In the end, the big machine dictates supply and demand. If there is no more demand, then there will be lower prices because of overstock.
This does not work in oil, and probably will not work here either, because for this to work, everyone has to be in on it, and to get a whole global economy to stop buying gas or hdd for a few weeks to force the industry to have overstock is too complicated.