By Woody Leonhard
Floods in Thailand — and an ensuing worldwide purchasing panic — have pushed the price of hard drives to nosebleed heights and left us all with fewer choices.
Here’s what you need to know about the crisis, the fallout, and what you can do about it.
Have you tried to buy a hard drive in the past couple of weeks? I don’t know how things are in your neck of the woods, but out here the drive shortage is so bad you can’t find any internal drives on the store shelves. My friendly local computer shoppe won’t sell me an internal drive unless I buy a whole PC.
Moreover, the cost of hard drives is spiking, as if you were investing in the gold market. For example, 1TB drives are up to three times more expensive than they were just a month ago. Take a look at Figure 1, which tracks the price of a plain-vanilla 1TB Seagate Barracuda drive at Newegg over the past three months.
Figure 1. In recent weeks, the price of a 1TB Seagate Barracuda 3.5-inch, internal hard drive from Newegg has nearly tripled. Source: camelegg.com.