The hard drive shortage prompted the sale prices to go up.
At least it's due to a natural disaster combined with putting all the manufacturing eggs in one conveniently location (rather than diversifying in a genuine global environment)... some economic issues are brought about by consciously contrived means...
Despite the hard drive shortage in Thailand, Seagate managed to pull ahead of Wall Street expectations.
Seagate reported a second fiscal quarter net income of $563 million, or $1.28 a share (statement). Non-GAAP earnings were $1.32 a share on a revenue of $3.2 billion.
Wall Street was expecting Seagate to report second fiscal quarter earnings of $1.06 a share on revenue of $3.14 billion.
Seagate also shipped 47 million disk drives during the last quarter.
In November, Seagate upped its sales outlook for the December quarter to 43 million units shipped with revenue of $2.8 billion. However, some experts believe that the hard drive shortage is going to have a wider effect upon manufacturers and partners in early 2012.
For the outlook, Seagate is predicting a revenue of $3.75 billion excluding Samsung. Wall Street is expecting revenue to reach $3.32 billion.
Related:
- Seagate boosting GoFlex Satellite wireless drive without adjusting hardware
- CES 2012: New Seagate drives support Thunderbolt, Verizon’s 4G network
- With hard drives in short supply, Seagate and Western Digital slash warranties
- Intel cuts sales outlook, blames hard drive shortage
- Seagate wins $525 million from Western Digital
