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Hard drive prices are 47 percent higher since Thai floods

Hard drive prices are 47 percent higher since Thai floods

Western Digital has reported their quarterly earnings, Year-over-year, the company saw a huge drop in drives shipped, down to 28.5 million down from 52.2 million. The company took a $200 million loss in expenses related to the floods, and a $500 million drop in total revenue.

Hard drive prices jumped 47 percent to $69 per unit over last year, thanks in part to a large gross margin increase. Margins are now at a hefty 32.5 percent compared to 19.2 percent last year. Thai factories are expected to be up and running to pre-flood capacities by September and a full pipeline ready by March 2013.

Read more at afterdawn

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Stuart Davidson

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