Seagate Price Increase
Apr 28, 2024
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0021-35922 0040-09001 0040-49834-003 0021-09625
0040-04745 0040-09893 0020-70376 0040-39553 715-330834-002 715-330106-003 0040-04745 0040-31942 0040-09723 0040-02544
Following the announcement of a price increase for its mechanical hard disk drives
(HDDs) announced by Western Digital, another major hard disk drive manufacturer, Seagate, recently issued a price increase letter to customers, announcing that it will immediately increase the price of new orders and demand beyond the previously promised quantity.
As for the reason for the price increase, Seagate Technology noted in the price increase letter, "Demand continues to recover in several parts of our business, and our reduced manufacturing capacity is limiting our ability to meet all customer needs and resulting in longer lead times." In addition, our costs continue to be impacted by global inflationary pressures. As a result, we will immediately implement price increases for new orders and demand in excess of previously committed volumes.
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