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Are any of you surprised? Corporations do this all the time. Will always continue to do so as well.
Do what? Charge whatever price the market will bear? It is not just corporations, but just about everyone who does that. You don't see people on ebay saying that they will accept the second or third highest bid.
Do what? Charge whatever price the market will bear? It is not just corporations, but just about everyone who does that. You don't see people on ebay saying that they will accept the second or third highest bid.
It's easy to subvert free markets when your company is one of 3-4 that control the world's supply of a commodity.
It is not a free market if people are not allowed to sell their property at whatever price they choose. Setting the price you want to sell at is not "subverting".
Free market does not mean what you think it means. In a free market prices are set purely by supply and demand. The word "free" does not mean that players are free to do whatever they want.
Some actions undermine the ability of the market to set prices via supply and demand so those things must be prohibited in free markets. This is basic high school economics.
By the way, prices *are* dropping. Maybe not as fast as we'd like, but at least in the segments I'm interested in, there's a downward trend.
You are confusing a free market with an idealized market. A free market does indeed mean that participants are free to make voluntary transactions, free of coercion.
You are thinking of an idealized market, where there are many suppliers and consumers, none of whom have the ability, by themselves, to cause a large shift in the supply or demand curves.
Actually, no it is not. Economics is, among other things, the study of how markets behave in various situations. Economics says little or nothing about whether things "must be prohibited". That would be politics, not economics.
2TB of cloud storage rents for about $500/month. You can probably find it cheaper.
But ...
If guys can rent out space for that amount, they are willing to pay more than I am for storage and that will force prices up. No need to price fix. Just sell the drives to the guys who are making a profit on renting them out.
I think he means illegally collude to price fix.
Flat panels: http://money.cnn.com/2011/12/27/news/lcd_panels_settlement/index.htm
RAM: http://en.wikipedia.org/wiki/DRAM_price_fixing
Disks: http://www.justice.gov/atr/public/press_releases/2011/275738.htm
It's easy to subvert free markets when your company is one of 3-4 that control the world's supply of a commodity.
LOL...hows is reducing your warranty improving reliability? That means you are less confident in your product and are afraid it will fail more quickly, so you reduce the warranty period.resources into improving technologies, support and reliability, but did not elaborate.
has more to do with the length of time they dedicate to continually building older drive models and stream lining the back end supply chain.That means you are less confident in your product and are afraid it will fail more quickly, so you reduce the warranty period.
they want to get closer to what intel is doing with its CPU/platform refreshes. that is much more difficult to do when you have to keep building drives to service RMAs for 5 years.
Its cool, I bought SSD's instead. So really the joke is on them.
part of the reason it isnt moving faster is BECAUSE they have 5 year product cycles. you can't entirely convert a factory to new stuff if you have to keep making older drives.That might be believable if we were talking about going from 5 years to 3 years. HDD technology is not moving so fast that they cannot support a product for 3 years.
But many models got reduced to 1 or 2 years warranty. That is absurd. I refuse to buy an HDD with less than a 3 year warranty.
personally i think it was done on purpose to move us all to ssd. Because now ssd prices make sense when before they didn't.
No, but they can release Rev. 2 of drive X where they can replace a tiny part from $less_shitty_company with one from $shitty_company costing $0.01 less because it only lasts 1 year instead of 3.part of the reason it isnt moving faster is BECAUSE they have 5 year product cycles. you can't entirely convert a factory to new stuff if you have to keep making older drives.
NOTHING has changed with hard drives. they either will work for X amount of time or fail. I have 15 year old drives that still function just fine if i wanted to plug them in.
drives aren't magically less reliable by dropping the warranty periods.
part of the reason it isnt moving faster is BECAUSE they have 5 year product cycles.
It wasn't fake, but the price was over-inflated. Like it said, nothing EVER went out of stock, which is BS if there was an actual shortage. It was just companies taking advantage of a disaster. I responded by not buying a mechanical drive since pre-tsunami, and I wont until 3TB is in the $100 range.
so again, you don't understand how having a finite amount of resources to produce drives combined with a 5 year cycle in which you have to produce said drives makes it more difficult to roll out new drives?
The demand for Enterprise class storage so far eclipses the demand from the consumer market it's not even a fair comparison. You think Amazon, Microsoft, Google, etc use consumer drives in their data centers? How about EMC or Netapp, desktop drives in their storage solutions?
Actually, the market for enterprise drives is considerably smaller, at least in terms of number of units shipped.
In the last quarter Seagate shipped 47 million drives globally - of which 6.4M were enterprise class units. There were 37.7M desktop and mobile drives shipped in the same period, with the remainder presumably going to the consumer electronics market!
More here
http://www.crn.com/news/storage/232...tage-hits-enterprise-drive-shipments-hard.htm
It would appear that WD was hit much harder than Seagate!
You just weren't a customer for the drives that were either under severe constraint or flat out unavailable. Drives did go out of stock. You could not buy a 900GB 2.5" SAS drive in November/December/January...not from normal sources. IF they were available, it was a handful, and they were being massively marked up by ebay sellers or people selling through Amazon affiliate type accounts.
The demand for Enterprise class storage so far eclipses the demand from the consumer market it's not even a fair comparison. You think Amazon, Microsoft, Google, etc use consumer drives in their data centers? How about EMC or Netapp, desktop drives in their storage solutions?
Drives did get impossible to find.
Fake or not, these prices sure aren't fake. HDDs are still priced way too high IMO. I need two more 2TB HDDs for my WHS but I'm still waiting for decent prices. I'm loving how SSD prices are dropping though
How does that even make sense? How are SSD prices falling but HDD prices are rising? Do they have different suppliers?
I stand corrected...I was under the impression it was different, but maybe I was going off information as to shipments to specific market segments. At any rate my initial statement was obviously wrong. Thanks for the clarification.