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Technology Stocks : Seagate Technology

STX 255.88

-4.6%

Oct 31 5:00 PM EST

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From: Sam	4/23/2016 7:05:49 AM
	of 7841

What the world needs now is... not disk drives http://www.theregister.co.uk/2016/04/22/secular_downward_shift_in_disk_drive_demand/ excerpt: The chart below shows WDC and Seagate disk drive unit shipments by quarter. (The timescale axis has the latest fiscal Q2 being the fourth calendar 2015 quarter.) It shows that, since the third calendar 2014 quarter, the combined disk drive unit shipment number has started falling from 122.4 million to 95.6 million just five quarters later, a 22 per cent fall. Looking ahead, Seagate’s estimate for the first calendar 2016 quarter is 39 million units, a dramatic fall from the 45.9 million disks it shipped at the end of 2015 (final blue line entry on the chart). We don’t have WDC’s numbers yet, but expect it to show a decline for this quarter as well. WDC and Seagate dominate the disk drive market and we can assume that, generally speaking, what is happening to them is happening to the third disk drive manufacturer, Toshiba, also. more at the link

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