Say Goodbye to Budget SSDs: WD and Seagate Sound the Alarm on Rising PC Storage Costs
If you’ve been contemplating upgrading your storage with a new hard drive or SSD, now might be the time to make a move before prices start to climb. Recent reports from Taiwan analyst company TrendForce have revealed that major storage players like Western Digital and Seagate are sending out warnings of impending price hikes. Brace yourselves, folks!
In a bid to keep their bottom line afloat, Western Digital, in particular, has made it clear in letters to customers that price increases are imminent for their hard drives and SSDs. Scott Davis, the senior vice president at WD, highlighted the unexpected surge in demand across their flash and hard drive product lines, leading to supply constraints. Consequently, the company is left with no choice but to bump up prices on these products effective immediately.
Seagate, not one to be left behind, has also joined the price hike bandwagon, alerting their commercial partners and PC manufacturers about the impending changes. With two of the biggest names in the storage game sounding the alarm on price increases, it’s safe to assume that these changes could trickle down to retail products as well. So, if you’ve been eyeing that sleek external SSD or hard drive, you might want to act swiftly before your wallet takes a hit.
The looming price hikes aren’t just limited to SSDs; traditional hard drives are also expected to see a surge in prices. Analysts had previously warned about the rising costs of SSDs, and now it seems like hard drives are getting caught in the crossfire. The silver lining here is that hard drives traditionally cost less than SSDs – a 1TB external Seagate hard drive is currently priced at a reasonable $60 on Amazon, while a similar capacity WD external SSD will set you back $109. However, with the current market trends, even these prices might not stay put for long.
In conclusion, if you’ve been putting off that storage upgrade, it might be time to bite the bullet and make a purchase sooner rather than later. The storage giants have spoken, and price increases are on the horizon. Stay ahead of the curve, and avoid paying more than you need to for that shiny new hard drive or SSD.
