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Saturday, May 05, 2012

Hard Disk price increased by 100% !

Have you ever wondered why hard disk price continues to go up like Petrol while that of other consumer electronics is coming down ?

Now 1 TB USB 3.0  HDD at flipkart costs around 7300 INR .Have you noticed it ?

The major reason can be attributed to recent Thailand Flood which forced HDD manufacturing units in Thailand to shut down completely . As you know, Thailand manufactures 1/3rd of all HDD in the world .So this event had hit the HDD industry pretty badly.

Other reasons such as declining value of indian rupee , price hike  have little to do with it.

Prices are expected to come down in the next few months during which the major stake holders are expected to increase their production.

Update :  Hard disk prices will continue to remain high till 2014 due contracts made between vendors and manufacturers.