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.
|Gmail and Google Now conspire to streamline your Inbox||8|
|VisionTek's new USB 3.0 thumb drive has SSD performance||17|
|Lian Li's latest Mini-ITX chassis houses 11 hard drives||27|
|In the lab: WASD's Code keyboard with Cherry MX clear switches||28|
|GeForce 344.48 driver enables DSR on Kepler, Fermi GPUs||77|
|ARM intros two new CCN 'uncore' products for data center SoCs||13|
|G.Skill's Phoenix Blade PCIe SSD boasts 2000MB/s transfer rates||28|
|First Win10 Tech Preview update adds Action Center||19|
|I just found this AMAZING trick! Call of Duty takes up 0GB if you just don't buy it!||+106|