refer to the article below. again investing is based on data
https://seekingalpha.com/news/4088285-western-digital-plans-to-raise-flash-hard-drive-prices-amid-supply-shortage
for those who can't access excerpt as follows :
"Western Digital (NASDAQ:WDC) has confirmed that there is a supply shortage for both HDD and SSD products, TrendForce reported citing letters sent by the company informing customers of price increases for flash and hard drive products. the overall price increase is between 10 to 20%."
this is from wdd ceo himself.
it was seeing higher than expected demand across its flash and hard drive portfolio leading to supply constraints. Supply chain challenges for the overall electronics industry are also impacting supply availability, the company added as per the report.
Western Digital noted that it will continue to implement price increases for flash memory and hard drive products this quarter, with some changes taking effect immediately.
In addition, the company said that its ability to handle unplanned demand and orders was limited, so any order changes are required to be informed early. The company told customers to expect extended lead time for any unplanned demand.
The overall price increase for HDDs has added up to be between 10% to 20% from the third quarter of 2023 to the first quarter of 2024, because of memory manufacturers implementing production reduction strategies aimed at quantity-based pricing, the report noted.
Western Digital noted that it will continue to implement price increases for flash memory and hard drive products this quarter, with some changes taking effect immediately.