On April 22nd, as demand for storage products continues to surge, prices are skyrocketing.
According to reports, Seagate, a giant in the mechanical hard drive sector, sent letters to its customers on the 18th of this month, announcing price increases for new orders and additional demand, and predicting that prices will continue to rise over the next several quarters.
Prior to this, Western Digital had already raised prices for both mechanical hard drives and solid-state drives, indicating a more proactive approach to implementing price adjustment strategies based on market changes.
Western Digital and Seagate have raised prices on mechanical hard drives primarily for two reasons: the AI boom has spurred increased demand for high-capacity storage, and last year's early market slump led to reduced supply, with production capacity being somewhat constrained.
According to statistics from TrendForce, mechanical hard drive prices have risen overall by 10-20% from the third quarter of 2023 to the first quarter of this year.
Industry insiders' forecasts indicate that mechanical hard drives still have a price increase potential of 5-10% this quarter.
