Hard Drive Prices Slide As Thai Flood Aftermath Subsides
New submitter yeszomgpony writes "For the first time since the Thailand flooding, hard drive prices are finally starting to decrease. The price jump was kicked off in October when drive inventory levels plummeted 90% in less than a week. From the article: 'Over the past few weeks, hard drive prices have leveled off and have begun to drop slowly, according to Dynamite's data. "For first time, less than week after Western Digital's first [fabrication plant] went back on line, drive inventory began increasing at both distributors and ecommerce sites, and index prices began coming down a little too," Kubicki said. IDC has predicted that hard disk drive supply shortages in the wake of Thailand flooding would affect consumers, computer system manufacturers and corporate IT shops into 2013.'"
there is no shortage
Both are sliding
Somehow I doubt I'll be seeing this drop roll on down to myself and others anytime soon...
This often happens when a process goes off line for a time. It also normally works itself out after a few months.
I'll be waiting a few months myself.
hmmn seems conveniently timed to be more expensive while people are buying Christmas presents and they go back to regular pricing after the Xmas shopping rush, no there is no taking advantage disaster at all here to price gouge the consumer
---Saying gnome 3 is better than windows 8 not so much a compliment as it is damning with light praise.
Nice mouse hover text on the chart...
I think I'll wait a while until the processing hardware is working perfectly, the power is stable, the factory is fully purged of airborne particulates, etc. Until then I'll let someone else do the QC testing.
The market will correct itself after the hype wears off consumer consciousness. Now they just are overpriced inventory like before speculation stimulated sales squeezed the flow down stream of actual flood effects. Take me to the River...
The WD20EARS seem to be back around $100.
And I'm sure that others physiologically have the same urge I do.
I've been putting off upgrading my ZFS pool long enough.
Someone should do a article or investigation into all the obscure places our hardware comes from, especially concentrations where most of one type comes from a small area.
We only ever seem to hear about these places when something goes wrong.
Remember that time in the '90s when a Taiwanese RAM factory caught fire, and it turned out to be a big chunk of world RAM output? Sent prices spiking for a while.
Conversely, it's surprising how little the Japanese tsunami affected the tech world. I guess their industries were concentrated further south.
/. disks are getting full.
Slashdot, fix the reply notifications... You won't get away with it...
.. but hey, so long as hard drive prices are ok, then whats the problem?.
Really editors, get a fscking sense of perspective.
Ok.
This news reveals an important piece: The is no real redundancy in the suppliers when in comes to important parts of todays' devices. I often see* that the hard disk array suppliers keep buying them from a couple of asian outfits thinking they will be safe hands. But the asian hardware vendors themselves buy/order from the same manufacturer of platters/board/NAND creating a single point of failure scenario.
There should be a clear visibility of the supply chain of not just the end/whole product but also the key components of it. In another story, heard that shipping of Sonys' SEL50F18 lenses for NEX cameras are pushed to Mar'12 after users payed for it, for the same reason.
* working for a big storage co.
PS: Misread Flood as Food.
I wonder why Seagate chose to slash their warranty even though its plants weren't affected by the floods.
Exactly, a perspective. Let me explain what that means:
In this huge world with 7 billion people, every 3 minutes, about 600 die. (On average about 3 per second). And our population growth is so fast that the 600 dead had been replaced (sorry for the dry factual choice of words) before the floods even hit the news. ... But the harddrive problem affects the world, albeit in a modest way, for months.
So yeah, it seems the editors really do have a sense of perspective. Maybe you prefer a more emotional perspective... but if you want to mourn every couple of hundred people that die, you'd better empty your agenda. It's a full time job.
Riding round on horses terrorizing people?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Im very sorry if someone gets offended but I truly read the headline as: Hard Drive Prices Slide As Thai Food Aftermath Subsides
From Wikiquote:
Since we're not sure it was spoken, I guess the pendulum swings back to tragedy.
Stalin would surely have continued: "Death of 30 million is prudence." What if it was you and your wife and your gf and your mother and your father? Hint: a day of morning is tragedy, a thousand years is history.
Manufacturers and retailers figured out price gouging wasn't working, people stopped buying. Now they know, and will be prepared to gouge us more subtly in the near future.
Oh wait, it's already begun: http://hardware.slashdot.org/story/11/12/19/1618254/hard-drive-makers-slash-warranties
This often happens when a process goes off line for a time. It also normally works itself out after a few months. I'll be waiting a few months myself. http://viboot.com/
From the article:
Data from DRAMeXchange also showed that rush orders for SSDs increased after the Thailand flooding disrupted hard disk drive supplies.
According to DRAMeXchange, a research division of TrendForce, rush orders for SSDs rose even as shipments of end-market products, including PCs, smartphones and tablet PCs, remained slugish because of slow economic conditions.
Despite SSDs not being an exact replacement for spinning rust, it looks like the HD shortage is indeed having the predicted effects on the SSD market.
What can I say, market is a price discovery mechanism and this truth still holds, even though so many in those previous stories disagreed because they completely miss the understanding of most basic economic principles.
Price discovery and profit are market principles that send signals to manufacturers to increase or decrease production, and the profit is the engine of progress - goods is what people want and are willing to trade their time (money) for them, thus the more profit one is making by supplying people with goods the more this indicates that the business is sound.
Of-course in a free market (free of government regulations), the absence of government regulations prevents possibility of a monopoly and thus the distribution becomes more and more efficient with prices falling and quality increasing.
You can't handle the truth.
>IDC has predicted that hard disk drive supply shortages in the wake of Thailand flooding would affect consumers, ....there was just as many drives for sale on the shelves at bestbuy as usual....where was the shortage....let it go for about 1 year, and let the shelves empty out, and people scramble to get all their old hdds dusted off, then maybe ill believe a shortage...this stinks of the same crap that the oil companies try pawning off on the economy when a small storm hits, and low and behold have to raise their prices by 12 cents because the factory was closed for 1 day...
Funny
need more coffee
I know that WD announced the acquisition of Hitachi's HDD business back in March of this year. Has this been completed yet? Is Hitachi still using their own factories? Were those factories also in Thailand? The reason I'm wondering is because I'm concerned about quality on the new drives made from reclaimed flooded equipment – and the fact that both WD and Seagate are slashing warranties is definitely not a good sign. Hitachi has a reasonably good reputation and I've been using one of their 2TB drives for about six months with no issues (fingers crossed).
then fine move the facilities to North Korea where there are no works rights at all and they can be build just for the shipping + parts costs.
Of course not. Which is why they've gone from 5 years to 1 or 2. Let someone else take the hit by buying the first few months production - it's going to be like buying a car manufactured on a Monday - way more defects.
I've switched to floppies.
I was initially more concerned about the link between technology and gastric issues until I realized I had misread the article title as, "Hard drive prices slide as thai food aftermath subsides."