Analyst: 'We Could Run Out of Hard Drives Soon'
The current short supply of hard drives is expected to continue until 2012, says analyst Gus Richard over a CNET interview. Sparked by the unfortunate Thailand flooding, hard drive prices have since skyrocketed from 10 to 60 percent, and this trend may continue on to the next year. However, Richard also notes that PC makers apparently aren't taking the necessary precautions to combat the hard disk crisis. "Nobody seems to be really paying attention. Everyone overreacted to the disaster in Japan. And now I think they're under-reacting," he said. A likely shortage of 60 million drives will arise from a 180 million demand, as PC manufacturers will struggle to keep up with upward spike in demand. Manufacturer Seagate also offered a bleak outlook for next year: "Given the supply disruption demand will significantly outstrip supply at least for the December 2011 quarter, and will likely continue for multiple quarters."
One terabyte hard disks now cost at least $120, whereas a few months ago these would've only been priced at around $60 to $80.