Hard Drive Prices Reach Stratospheric Heights, Not Coming Down Any Time Soon

If you were looking forward to some storage upgrades this sale season, I hope your shopping spree started months ago. As many may know there was a terrible flood in a Thailand. While all natural disasters are bad, we tend to ignore things that do not directly affect us. Well the Thailand flood will be affecting you and everyone else in the world for a long time.

The flood destroyed two entire floors of the production floor at the largest mechanical hard drive manufacturing plant, Nidec. They make roughly 80% of the motors for every major HDD maker. They are also responsible for a large percent of other components needed to make your standard hard drive. To keep a long story short, the price of a standard HDD will now be 200% to 300% higher than they were a few months back.

Hard Drive Prices Reach Stratospheric Heights, Not Coming Down Any Time Soon

Analysts state they do not expect hard drive production to return to normal until February or March. On top of this, demand for hard drives always rises during the sale season for obvious reasons, such as Dell, HP, Acer, etc. When you see how prices of a hard drive and pre-build PCs have increased, try to remember hundreds of thousands were affected in Thailand. Then give a silent prayer for those lost to this disaster.

Source: TechPowerUp!

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