Flooding in Thailand has wreaked havoc on the hard- drive industry and sent prices through the roof. Things are bound to go back to normal eventually, though, right?
Perhaps, but if Seagate CEO Stephen Luczo is right, don't hold your breath. Speaking to Bloomberg, Luczo labeled as "nonsense" estimates that drive production will return to "pre-flood levels" by next summer. He added:
“This is going to take a lot longer than people are assuming, until the end of 2012 at least,” he says. “And by then, demand will have gone up.”
Yikes. We were already expecting things to get worse before they got better, but the prospect of another year (or more) of inflated prices sounds pretty rough. I guess the days of sub-$100 2TB hard drives are gone for the foreseeable future.
|Rumor: Intel Skylake-X and X299 will headline Computex 2017||52|
|Rumor: Nvidia to answer Radeon RX 550 with GeForce GT 1030||18|
|Samsung Galaxy Book tablets blend Windows 10 and Intel CPUs||16|
|Deals of the week: a mighty PSU, mid-range CPUs, and more||27|
|AMD board partners begin tricking out RX 560s and RX 550s||16|
|Dell shows off a pro-grade 4K HDR display and AIO machines||15|
|Rumor: Google to bake ad-blocking into Chrome browser||56|
|EpicGear's Defiant modular gaming keyboard reviewed||12|
|GeForce cards with faster RAM are inbound from multiple locations||19|
|Those power consumption numbers are very fermi-liar||+53|