SSD & HDD Prices Could Skyrocket As Seagate & Western Digital Highlight Increased Demand

wccftech.com:

SSD & HDD prices are expected to skyrocket, with two big manufacturers, Western Digital, and Seagate, anticipating increased demand.

SSD & HDD Prices To Only Go Higher From Here Now's The Best Time To Get One Before You Buy At The Top

We have consistently reported on the uptrend in SSD prices in the past, which is associated with simply how the markets are trying to recover their lost profits due to adverse financial growth for the past consecutive quarters. With COVID-19 coming into effect, followed by weakened consumer demand, companies saw massive inventory levels, and corrections required selling at losses.

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With the AI hype in the markets, followed by consumers' upgrade cycles, the storage industry is finally showing some hope to companies. To capitalize on this, we will see increased pricing.

TrendForce reports that WD and Seagate have officially told their retail partners to implement a large-scale price increase on mechanical and solid-state hard drives. Here is what Seagate has disclosed to its retail channels about the increase:

TrendForce previously reported that we could expect a 25% price increase in storage devices, including both mainstream SSDs and professional ones besides HDDs. To reach an optimal price level, a 40% bump over the forthcoming period is necessary, which means that we can witness a cumulative 65% increment if we take into account the modern-day price tags. It's the way markets will sustain in the longer term, and in some ways, it is a healthy move, but it will harm consumers.

If you are in the market for a storage device, now's probably the right time to snag one since waiting further might not prove fruitful in such conditions.