Icy News: Seagate expects flood-related hard drive shortages to continue

" Seagate took some time out from its busy earnings reporting schedule to address supply concerns stemming from the recent devastating floods in Thailand. The storage manufacturer announced that hard drives supply will likely fall 150 million units short of demand by year's end. While Seagate's own factories weren't directly hit, suppliers for the company were impacted -- as were competitors, like Western Digital. The events have also had a more positive impact on Seagate, however -- as a result of the floods, a number of large buyers have entered into long-term agreements, according to the company." -via engadget.com

It has been a while since we have heard any updates on the hard drive flood shortage. It still seems that hard drive manufactures are still having trouble keeping up with the demand due to the shortage in parts. Seagate is going to fall 150 millions units short due to the floods this year. Let us know what you think about this shortage and if it has affected you in buying new hard drives.