I found this data. It seems not bad for Seagate.
https://technewsspace.com/the-hard-drive-market-plummeted-20-2-in-the-second-quarter-with-seagate-and-wd-gaining-share/
14 replies (most recent on top)
trend since 2010 says it all, going the way of tape one day, around but irrelevant
5 design centers half empty. Now paying rent on. Something has got to close soon and it’s not Dave’s mansion
infrastructure remains too large for a drive industry with annual shipments nearing 100M split between 3 companies, and that TAM declines as drive
Eh? DEI/ESG is a drop in the bucket compared to the dividend payout and stock buybacks. Although your guys are always giving $$$ to the rich anyway so it makes sense you play the cultural card.
Good reason to fund more DEI/ESG rather than putting limited funds into R&D.
651M drives in 2010 to 166M last year and on pace for fewer this year
The OP posts an article that is very bad news for the industry including STX and says it’s not bad for STX. The upside down world thrives.
going to be a tough year
market softened from Q1 to Q2 and YoY, and slight change in market share, a game of suppler price is right more often than a constructive advantage
Time to dust off my resume. Wait, I already dusted it off 6 times in the last two months.
Actually, if you read the article, it does reflect bad news for the entire industry, including Seagate. I'm referring to this specific line in the article:
"Excluding nearline drives, approximately 22 million drives shipped in the second quarter, down from 22.1 million in the first quarter and down 17% from 26.2 million in the second quarter last year. "
A 17% drop year over year is bad news.
The article neglects to give the year-over-year for nearline units sold, but states that the total capacity in exabytes dropped 45% from last year. Assuming that the average drive capacity was either flat or slightly more, this suggests the drop in units is actually >45%.
I don't think HAMR is going to fix this. Prepare for the worst.
Good reason to further cut production and OPEX.
Good reason for redundancies and shutdowns
Good reasons to extend salary cuts.