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Hard drives get cheaper, profit margins decline

Hard drive makers are seeing solid growth in demand, but are facing tougher competition and eroding margins.

Market research firm iSuppli reports that hard drive shipments increased by 12.2% to more than 114 million units in the first quarter on a year-over-year basis. The shipments were down 4.7% from 118 million units in Q4, which was about in line with seasonal patterns of a strong fourth quarter and a following weak Q1.

iSuppli noted that the first quarter saw pricing pressure "due to intense competition and changing demand patterns". There are only six major hard drive manufacturers left (Seagate, WD, Hitachi GST, Samsung, Toshiba, Fujitsu, Excelstor) and these companies apparently are tied up in what the market research firm called a "vigorous competition" over mobile-PC storage.

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tomshardware.co.uk
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closedxxx3691d ago (Edited 3691d ago )

You can get a 500gb hard drive from Frys outpost right now for $99 SHIPPED.
I also saw a 1TB hard drive for sale yesterday on www.spooffee.com for $400.
About $0.40 per gig on a single TB drive ain't bad
But obviously 2 500gb drives at $0.20 per gig is awesome

Attached are pictures of the two deals

nobizlikesnowbiz3691d ago

If it's got a USB cable, can I use it to save vids, music, pics, etc. from my 360 to it?

Be a lot better than bending over and taking it in the butt by buying a crappy HD from MS for an inflated price...