Seagate reports the HDD market will remain in turmoil throughout 2012 as the worst as yet to come. The HDD maker predicts global HDD supply will fall short of demand by about 150 million units this year.
Seagate notes that in 2012 it expects a HDD shortage of about 150 million units. Those estimates are in line with analysts' predictions. Seagate competitor Western Digital has also announced that it doesn't expect HDD production to reach the same levels as before the flood until the third quarter of 2012. Estimates claim the industry was only able to ship 119 million HDD units in the quarter that ended December 2011, while demand was for 175 million units.
Seagate was able to ship 47 million units in the quarter ending December 2011, a decline of 4% from the same quarter in 2010. The decline in shipments was blamed on a shortage of components.