Seagate has been quite busy lately and they certainly have something to celebrate. The company announced last night that they have sold a total of two billion hard disk drives.
Seagate has been in business for a very long time, and they are the first company to reach such a milestone. What's even more impressive is that it took them 29 years to sell the first billion HDDs; it only took 4 years to sell the second billion. This increase in sales is testament to an ever expanding and all encompassing world of social media, cloud storage and server farms.
Steve Luczo, president, CEO and chairman of Seagate said:
This is truly an impressive accomplishment and I am proud to lead this company as we celebrate this success. This achievement is a testament to the commitment of our employees whose relentless dedication and personal pride continue to be the fabric of this company.
Of course 2 billion devices sold is definitely a heck of a number but if analysts' predictions come true it might not be too long until the company doubles that number. John Rydning, IDC’s research vice president, for hard drives and semiconductors said: “Mobile devices and the cloud are coming together to drive ongoing demand for hard disk drives, with shipments reaching more than 585 million units in 2013, and hard disk drive Terabyte shipments worldwide growing at a 30 percent 2012-2016 compound annual growth rate".
According to a different prediction by 2015 households are expected to store almost 20 times more data than they currently do. That is a very big increase but considering the always increasing affordability and availability of digital devices worldwide it may certainly end up happening.
Seagate also put together an interesting infographic/timeline of the celebratory event which you can view here.
Source: Seagate | Hard drive image via Shutterstock
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