Hard Drive Shortage

The prices of hard drives has skyrocketed in the past month. Last month it was possible to buy a 1TB hard drive for $50-55. As of now, on Newegg the same hard drive now sells for $129.99. That is about a 150% increase in less then a month. All this increase in price has happened because there has been a storm in Thailand. Thailand produces 25% of the world’s hard drives and due to the storm there was a big flood. It is expected that the prices will stay high for at least 2 quarters.

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