Floods in Thailand hike up hard drive prices
Storage in Hard drives leads to price increase.
Thailand boasts 45% of the world’s hard drive production and the floods, which hit in October, have led to a shortage in supplies and a price hike in PCs.
Companies such as HP and Dell have not been as impacted as hard drive producers are still supplying large volumes to these companies in order to meet contract commitments, however this is damaging the efforts of the smaller PC producers buying hard-drives and so in turn they are forced to increase prices to reduce their losses.
It is expected that the prices will stabilise later next year.