What you can do about soaring hard-drive prices

Woody leonhard
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.

Seagate 1tb price

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.

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Woody Leonhard

About Woody Leonhard

Woody Leonhard is a Windows Secrets senior editor and a senior contributing editor at InfoWorld. His latest book, the comprehensive 1,080-page Windows 8 All-In-One For Dummies, delves into all the Win8 nooks and crannies. His many writings tell it like it is — whether Microsoft likes it or not.