Ars Technica writes: "With the overall economy in recession and prices for even the highest-end hard drives plummeting, it would seem likely that the hard drive industry would be in dire financial straits. A new report from industry analysis firm iSuppli, however, indicates that few things are further from the truth. Hard drive firms are shipping a record number of drives with an average size larger than ever before and are making money hand over fist. The new data has some interesting implications for the industry and for storage at large.
In the first quarter of 2008, iSuppli says hard drive firms sold 137 million individual drives in a variety of form factors for use in laptop and desktop computers, consumer electronics, external hard drives, and enterprise applications. This represents a 21% increase year-on-year in total drives shipped, not a record growth rate for the industry, but above average in a sector which has been growing at double-digit rates for decades, save a brief stutter in 2001."