Seagate (NASDAQ: STX) has seen regular progress within the variety of exhausting drive exabytes off
Seagate (NASDAQ: STX) has seen regular progress within the variety of exhausting drive exabytes offered over the previous 5 years, rising from 228 exabytes in 2015 to 347 exabytes in 2019, a progress of over 50%. (1 exabyte = 1 million terabytes)
Over the identical interval, Seagate’s exhausting disk drive income has dropped from $12.87 billion to $9.62 billion, a drop of round 25%.
You’ll be able to view our interactive dashboard- Why Is Seagate’s HDD Revenue Under Pressure Despite A 1.5x Growth In Exabytes Shipped?– to seek out out extra about what drove the inverse correlation between exabytes shipped and revenues.
Why did this occur?
- Seagate has seen a drop in HDD items offered, dropping from 211.eight million in 2015 to solely 128.Three million in 2019.
- That is largely on account of a drop in retail demand, with folks preferring cloud storage and streaming providers over bodily reminiscence units.
- Additionally, the typical promoting worth per TB has dropped from $56.45 to $27.72, as reminiscence units offered now have 3-Four occasions the quantity of cupboard space, as in comparison with units again in 2015.
- This has led to a drop in value per bit, slashing the value per TB by greater than…