HDD Prices Expected to Rise Next Month

Written by John Ponio    Wednesday, 19 October 2011 15:32

Hard Drive

Due to the flooding happening over in Thailand, where a lot of major hard drive manufacturers such as Seagate and Western Digital have their factories, hard drive prices are expected to rise in November. Digitimes reports: "Western Digital, Seagate Technology, Hitachi Global Storage Technologies and Toshiba as well as supply chain makers of components have had most of their factories in Thailand impacted by the flooding, the sources indicated. The time needed to resume production will be longer than originally estimated, the sources noted. HDD prices are sure to rise beginning November, with the extent of increases depending on the flood damage, the sources indicated." Sadly, their sources did not say how much prices are expected to rise, but if you're planning on buying a new HDD, make sure to do it before prices go up.