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August 11, 2006

Another PC component price war: disk drive prices dropping too

It’s not just processor prices that are heading down. Philipp Gollner at Reuters reports that Seagate CEO sees disk-drive price war continuing:

Seagate Technology, the world’s biggest computer disk-drive maker, expects aggressive moves by rivals to depress industry prices for another year, longer than most analysts predict, its CEO said on Wednesday.

Chief Executive Bill Watkins said Seagate was prepared to meet hard-disk drive price cuts by competitors including Hitachi Ltd. and Samsung Corp., who are hungry for market share.

“If pricing doesn’t drop for us, it’ll be an upside,” Watkins said in an interview

But good news for consumers.

Posted at 4:09 pm. Filed under Bargains, Companies, Hard Disks, Hitachi, Samsung, Seagate, Storage

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