Printed from http://www.electronista.com

Seagate says drive shortages to last through 2012

updated 02:30 pm EST, Wed February 1, 2012

Seagate talks about hard drive production in 2012

Storage drive maker Seagate has updated its previous outlook on hard drive shortages due to the floods in Thailand. During its latest results call, it said shipments will be affected well into 2012, and the total shortage is to reach about 150 million units. Another storage drive maker, Western Digital, has stated production volumes won't be resumed until the summer.

December saw Seagate produce a maximum of 110 million drives and ship 119 million, but quickly run dry in the face of demand for 175 million units. Production during the fourth quarter fell by four percent due to component shortages resulting from the floods. During the first quarter of 2012, Seagate expects to ship a minimum of 60 million drives.

Seven of the top ten component suppliers of Seagate were affected by the floods and not Seagate's own factories. The suppliers are being assisted when possible, with funding for capital equipment if it was damaged by the torrent of water.

The companies Seagate sells drives to have also began to enter long-term contracts spanning a number of years in some cases, which is new for the industry. More than 60 percent of the drives Seagate will manufacture this year fall under such contracts, the company estimated. [via ComputerWorld]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs an ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News