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HDD prices continue to surge

by on17 November 2011

Might start coming down in December

Mother nature has a funny way of telling humans to stop what they are doing and bugger off. The recent flooding in Thailand has caused headaches in IT departments around the world, but it seems the hard drive market could start to recover within a few weeks. Sadly, the same doesn’t apply to nature.

According to Digitimes, several channel retailers are preparing to unload their hard drive inventory, originally hoarded due to shortage concerns. It seems the shortage is not as serious are originally expected and retailers simply don’t want to be stuck with truckloads of hard drives once production picks up.

However, someone obviously forgot to tell retailers and distributors in Europe, the US and pretty much the rest of the world. As of Thursday, HDD prices in Europe are continuing to climb and they are currently at 2010 levels and some drives cost as much as they did back in late 2009.

A few weeks back high capacity 3.5-inch drives sold for just over €40 per terabyte on average. Today, the price is closer to €70, with a handful of exceptions. If you absolutely don’t have to upgrade, it is probably better to wait for better days.

More here.

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