News No storage is safe from price hikes -- Seagate raises hard drive prices, blaming inflation and market forces

[Admin]

Storage manufacturer Seagate sends out a letter to big customers warning of incoming price hikes for its suite of products, blaming inflation and increased demand.

No storage is safe from price hikes -- Seagate raises hard drive prices, blaming inflation and market forces : Read more

 

[hotaru251]

literally any company: "inflation"

meanwhile every company is having record profit :|

 

[Math Geek]

i seem to recall not too long ago when they all cut production SPECIFICALLY to drive up prices.

i don't think the word inflation means what they think it means...

 

[vanadiel007]

So when a major retailer lists drive at anywhere from 20 to 40% off regular price, it's wrong?

 

[bcweir]

Storage manufacturer Seagate sends out a letter to big customers warning of incoming price hikes for its suite of products, blaming inflation and increased demand.

No storage is safe from price hikes -- Seagate raises hard drive prices, blaming inflation and market forces : Read more

Raising prices when your market is already flooded with hardware. Good luck with that.

 

[thestryker]

Realistically consumer HDD prices have been up for around 6 months or so. This sounds more like a targeting the high volume customers as consumer volume has plummeted the last few years. Got to keep the myth of unending margins somehow.

 

[Notton]

literally any company: "inflation"

meanwhile every company is having record profit :|

Seagate seems to be a genuine exception
https://www.macrotrends.net/stocks/charts/STX/seagate-technology-holdings/revenue

I figured Neodymium magnets were driving up costs, but the pricing for that rare earth is down, so I am guessing it's the cost of everything else that goes into a HDD.