Hard Drive Prices Up 150% In Less Than Two Months

zyzko writes "The Register reports that hard drive prices (lowest average unit prices) have rocketed 151% from October 1 to November 14th. The worst days have seen over 5% daily price increases. This is commonly attributed to the floods in Thailand, but there are concerns of artificial price fixing and suspicion that retailers or members of the supply channel are taking advantage of the situation." The number varies when you break it down to individual drives, but it seems to be in the right ballpark. Anecdotally, the drive I picked up on Oct. 14th would cost me 135% more today. The flood waters in Thailand have partially receded, but aren't expected to be completely gone until early December. The damage to the country's economy and property is measured in the tens of billions.

Comments

Re:No, no, no

[imamac]

That's okay. We just store stuff in the cloud nowadays.

Re:No, no, no

[macwhizkid]

That's okay. We just store stuff in the cloud nowadays.

And what, pray tell, do you imagine the cloud stores data on? Turtles?

Better than stocks

[danbob999]

I should have bought more hard drives instead of losing it buying stocks.

Re:No, no, no

[Anonymous Coward]

It is clouds all the way down.

Re:No, no, no

[PolygamousRanchKid]

And what, pray tell, do you imagine the cloud stores data on? Turtles?

It's turtles . . . all the way down.

The trouble with storing stuff in the clouds, is that it falls back to the ground when it rains, and causes floods. But in the case of Thailand, it will get recycled back into new storage, so we will have renewable storage.

Probably.

Does that make it Green?

Re:Obvious

[FoolishOwl]

It was lost when the database reached 200.1 GB.

Re:No, no, no

[houstonbofh]

Hell... I am considering selling some that I am using!