Hard Drive Prices Remain Inflated Until 2014

We all know about the flooding in Thailand last year that caused the prices of hard disk drives (HDD) to rise. It is expected that inventories will not be back to normal until the end of this year and prices will stay high until 2014.

The average global price for hard drives increased by 28% at the end of 2011 and experts estimate the prices will decline by 12% every year.

The hard drive industry will have to spend around $1 billion dollars to build new manufacturing plants therefore causes the price to stay inflated.