Posted on Tuesday, January 29th, 2008 at 12:06 pm
Profitability returns to hard-drive industry: iSuppli
eChannelLine
The Hard Disk Drive industry underwent a resurgence in profitability in the third quarter, signalling that the storage market finally is on firmer ground, according to iSuppli Corp.
The HDD industry shipped 138 million drives in the third quarter of 2007, up 19.6 per cent from 115 million drives in the second quarter, according to iSuppli. Combined third-quarter revenue for all HDD suppliers was $8.8 billion, up 22.2 per cent from the second quarter.
“The HDD industry as a whole returned to profitability in the third quarter, marking the first time the business has been in the black since December 2006,” said Krishna Chander, senior analyst for storage systems at iSuppli.
