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Price increases of magnetic storage

Discussion in 'Storage' started by The Von Matrices, Oct 22, 2011.

  1. The Von Matrices

    The Von Matrices

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    Has anyone else recently noticed that the price of hard drives has increased by 50% in the last week? I guess the shortage of rare earth metals and the Thai flooding have really had an impact on supply. You cant find a 2TB hard drive on Newegg for less than $99.99 whereas the exact same models were selling at $59.99 after rebate only a few weeks ago. I guess I'm not upgrading my array any time soon.
    Last edited: Oct 22, 2011
  2. Neuromancer

    Neuromancer

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    Ironically SSD prices are dropping.

    This is the time of year prices usually go up though isn't it?
  3. timta2

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    From what I've read it has a lot more to do with the flooding in Thailand that it does with the rare earth materials.

    http://www.infoworld.com/t/hard-dri...rive-shortage-and-possible-price-hikes-176453

    (and the thread where I found that link is here: http://forums.redflagdeals.com/merged-hard-drive-price-increases-1094978/

    We were warned earlier in the week but I guess we were't paying enough attention, at least speaking for myself. I've been waiting for a good deal on a 2TB drive. I guess hindsight is 20/20, like they say and I should have bought it yesterday! :laugh:
    The Von Matrices says thanks.
  4. The Von Matrices

    The Von Matrices

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    Yeah, I realized that it was Thai flooding instead of Taiwanese just after I posted. I got confused because I'm used to everything else inside a computer being designed in Taiwan.
  5. timta2

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    Oh, I hear ya, it's hard to keep it straight where anything is made anymore.
  6. Polarman

    Polarman New Member

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    Wow i see.

    I got a WD RE4 500GB last week from newegg for 65$. Now there 105$. :twitch:
  7. FordGT90Concept

    FordGT90Concept "I go fast!1!11!1!"

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    Crunching for Team TPU
  8. N-Gen

    N-Gen

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    We'll just have to wait. I had a shocking call this morning from a local part supplier that the prices had shot up by a staggering amount. Unfortunately I had a pc to repair for someone with a dead HDD, so I had to quickly call him and get him to get one from his usual store. Luckily he managed to find good stock and is getting one for a decent price.

    On the other hand, I'm glad I ordered my next drives 2 weeks ago, just didn't pick them up. Guess I'll have to cut down on data for the next few weeks/months.
  9. The Von Matrices

    The Von Matrices

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    2TB prices now start at $149.99 with the average around $229.99, about 3 times what they were a month ago. :eek:
  10. yogurt_21

    yogurt_21

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    I smell a conspiracy lol
  11. claylomax

    claylomax

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  12. stefanels

    stefanels

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    WOW... your right... the past week i just buy'd a 1Tb Samsung HD103SJ for 55 Euros, and now it's selling for 105 Euros... LOL
  13. FordGT90Concept

    FordGT90Concept "I go fast!1!11!1!"

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    I looked up my last HDD purchase. I bought this drive on 7/23/2010 for $89.99:
    Western Digital Caviar Black WD1001FALS 1TB 7200 R...

    As you can see, the exact same drive, from the same store, now sales for $219.99--an increase of 144%. The drive was probably even cheaper than $89.99 before the prices skyrocketed.

    This blows. :(
    Crunching for Team TPU
  14. yogurt_21

    yogurt_21

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    at that price you might as well get a ssd lol. I'm glad I got mine when I did then
    Going from 9 cents a gig to 22 cents a gig isn't what I call forward progress. Wonder if anyone's buying.
  15. Jstn7477

    Jstn7477

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    I bought my Seagate Barracuda Green 2TB 5900RPM SATA 6GB/s drive from Newegg on 10/18/11 for $79. It is now $229 on Newegg. Sure glad I bought my new rig that week, holy crap.
    Crunching for Team TPU More than 25k PPD
  16. Maelstrom

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    Prices are still ridiculously high. Some 2 TB drives are over $400 (US) on Newegg. I wonder how long before Thailand recovers and the prices start going down? Looks like I won't be buying any drives for a while :(.
  17. newtekie1

    newtekie1 Semi-Retired Folder

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    Well don't hold your breath, because the shortage is expected to last until March.
    FordGT90Concept and Maelstrom say thanks.
    Crunching for Team TPU More than 25k PPD
  18. stefanels

    stefanels

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    I don't understand why did they rise the price even for the drives in stocks? I have one friend that have a PC store in my town and he didn't sold a HDD for a couple of months but he also raised the price for the HDD's that he got in stock for a long time.... STRANGE
  19. newtekie1

    newtekie1 Semi-Retired Folder

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    It is a standard business move. If your supplier tells you your next shipment will cost double, you raise the prices on your current stock to reflect the price increase. This is so that selling a drive and re-ording a replacement doesn't put you in the negative.
    Crunching for Team TPU More than 25k PPD
  20. Andrei23 New Member

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    It's really annoying this. I wanted to buy an external hdd but the prices are damn right extortionate and I just cannot justify spending so much when a couple of weeks ago they were so cheap.
  21. Maelstrom

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  22. wahdangun

    wahdangun New Member

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    WTF with this price i mean 500GB for $100???????


    damm, how could this happen when just i want to buy new HDD
  23. FreedomEclipse

    FreedomEclipse ~Technological Technocrat~

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    God moves in mysterious ways*


    *(Bruce Almighty, The Man who Sued God - Go figure.)
  24. Crap Daddy

    Crap Daddy

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    Yesterday I wanted to see how much is a spinpoint F3 since I wanted to add one. It's the equivalent of 102 Euros. 3 months ago I bought one for 50. It's insane.
  25. wahdangun

    wahdangun New Member

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    yeah its really insane, its even not funny anymore.

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