Monday, November 28, 2011

ICY news: Thai floods boost PC hard drive prices

(Reuters) - Prices for hard drives are jumping as flooding in Thailand creates a shortage of the major component used in personal computers and one big customer is complaining of price gouging.

Drive manufacturers have raised prices by 20 to 40 percent and international electronics distributor Avnet Inc in turn has raised its prices by a similar amount after water poured into factories this month, said Avnet Senior Vice President Chuck Kostalnick.

"The word we're getting is that prices are going to continue to go up," he told Reuters Friday. "This isn't going to be a one-time event."

Flooding in Thailand, the No. 2 exporter of hard drives, has killed at least 377 people since July and devastated industrial areas in the center of the country... completed news to Reuters

Icy Comment: Worldwide Hard drive supply is meeting a critical shortage, prices of hard drive are also incredible high now...It hard to say when hard drive can recover supplying. At this time 2.5" Hdd and SSD may have chance to occupy market right now, but it still depends on users favor...

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