Street Prices For Hard Drives Spike As Supply Contracts

By now you must have heard of the ongoing havoc being caused by flooding in Thailand. It's claimed a few product launches already; Nikon and Sony have both had to delay shipment of new cameras, among others. But the single tech industry that seems to be hit the hardest is hard drive manufacturers. Many factories have been flooded and the production of drives has been seriously impeded. Due to large inventories being kept by most retailers, the effect of the floods on a commodity like HDDs was bound to be delayed. And now we're starting to see major rises in the prices of common drives like a Seagate 2TB. Street prices in Japan have risen by some measurements by 200% or more just in the last couple weeks.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/keyd9GA1fZU/

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