logo
  Join        Login             Stock Quote

Hard Disk Drive Revenue Expected To Drop 12 Pct In 2013: Report

 February 04, 2013 03:06 PM
 


(By Balachander) Research firm IHS Inc. (NYSE: IHS) said that hard disk drive (HDD) revenue will drop by around 12 percent in 2013 due to relentless onslaught from tablets, smartphones and solid state drives (SSD).

The information and analytics company estimates HDD revenue to fall to $32.7 billion this year from $37.1 billion in 2012. HDD revenue will be flat in 2014.

"The HDD industry will face myriad challenges in 2013," said Fang Zhang, analyst for storage systems at IHS.

Zhang said shipments for desktop PCs will slip in 2013, while notebook sales are under pressure as consumers continue to favor smartphones and tablets. The declining price of SSDs also will allow them to take away some share from conventional HDDs, the analyst added.

[Related -IHS Still Projects Double-Digit Growth In Photovoltaic (PV) Installations]

Likewise, Zhang said, HDD gross and operating margins will fall due to continued price erosion.

"However, HDDs will continue to be the dominant form of storage this year, especially as demand for Ultrabooks picks up and hard drives remain essential in business computing," the analyst said.

Zhang said a major growth area for HDDs will be the use of hard disk drives in the business sector spanning the enterprise space, cloud storage, big data and big-data analytics.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageBuffett's Market Indicator Flashes Red, Prepare To Sell

With each passing month, it's becoming evident that the current bull market has slowed from a gallop to a read on...

article imagePBoC joins other major central banks with unconventional monetary policy action

Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. read on...

article imageA Buyback Boost?

Are stock buybacks the only thing keeping this bull market read on...

article imageGold Slides On Perfect Storm For Dollar

For all the anticipation surrounding the delivery of the Fed’s statement in the run-up to the September read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.