Hard Drive Sales Up Despite Cooling Economy

How hot was the hard disk drive (HDD) market in 2007? Pretty darn sizzling, despite the cooling U.S. economy, according to Southern California-based industry analyst iSuppli. 2007 was indeed a year to remember for HDD makers, with shipments reaching 516 million units, up from 434 million in 2006. Factory revenue rose to $32.8 billion, up from $31.2 billion in 2006.

Some fast facts, courtesy of iSuppli:

--Worldwide HDD unit shipments grew by a prodigious 18.9 percent for the year.
--Annual HDD shipments crossed the half-billion-unit shipment threshold for the first time ever.
--Revenue rose by 4.6 percent

Beyond strong demand growth from notebook PCs and consumer-electronics products, HDD makers benefited from a second-half cease-fire in the price war that had dictated market conditions over the past three years, the researcher said. Although the price war continued to rage in the first half of the year, the second half brought a rebound and an appreciation of the value of HDDs. Pricing was supported by the arrival of high-capacity 1TB HDDs, a key milestone in the face of technology challenges from NAND flash memory.

View: The full story @ eWeek

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the need for high deifinition and home streaming servers are increasing. i've purcahsed 2x 1tb WD drives few weeks back and planning on buying another 2 more 1tb drive form samsung F1 series.

Considering that most hard drives are now made cheaply, of mediocre quality, and last a few years, people are forced to replace their drives every few years. So this 'increase' does not surprise me.

13 years ago it cost me £260 for an 18 gb hard drive.

Last week I received for £59 a 320 gb hard drive from amazon.

I am pleased the price is coming down.

I have 3 external hard drives also, about 800 gb in total and the mass cost was less than £80.

I also have an oldish hard drive in a scrapped machine, 160 gb that 4 years ago cost around £90.

1 TB hard drives will fall dramatically when 1.5 to 2 tb drives hit the market.

I have a good explanation, because of the cooling of the economy people have to pirate things. Since they pirate so much stuff they need new hard drive to store all the pirated material

I was going to say the same but you've beat me to it... less capital to invest in entertainment pushes up piracy rates and thus more storage needed... economy resurges on hdd sales, and everyone is happy except RIAA but who really gives a **** about them?

(markjensen said @ #1.1)
True geeks will always spend money on computers (yes, that's often a euphemism for "porn" ) rather than "rent" or "food". :P

....from out of left field. lol