Reported by storage newsletter revealed that hard drive shipments were down 15% this quarter, thanks to weak PC market demand and OEM demand. But despite this, the total capacity of hard drives shipped has decreased by only 2%, thanks to his increasingly large HDDs.
Seagate suffered a 14% sales decline in the quarter, with hard drive shipments dropping to a total of 19.88 million units. Nearline drives also decreased by 5% to 8.61 million units, while average nearline drive capacity increased by 1.2 TB to an average of 14.4 TB. Nearline is a type of storage that acts as a middle ground between offline storage (data accessed infrequently) and online storage (data that is always accessed).
Performance Enterprise units shipped were also down 10% sequentially to 1.63 million units. However, despite these quarterly setbacks, shipments of Nearline units and NAS and Surveillance HDDs increased by 4% and 8% respectively.
StorageNewsletter also said all of Seagate’s other segments saw double-digit declines, thanks to weak consumer spending and continued strength in SSD adoption.
Toshiba faces a similar fate, with its 16.18EB shipped capacity plummeting 15% quarter-on-quarter. The unit price also fell 17% in the same quarter to 8.29 million units. Quarterly nearline shipments decreased 17% to 2.09 million units, with total shipment capacity of 26.88EB, down 15% quarter-on-quarter. Performance enterprise drives were also down 3% sequentially.
In WDC, HDD units and shipped capacity declined similarly, with units down 17% to 16.48 million hard drives, and all other segments declined by double digits during the quarter.
Overall, the storage industry is facing a significant decline in demand as the overall PC market weakens in 2022 and continued growth in SSD demand is driving hard drive replacements. However, the overall storage capacity shipped has not dropped significantly. indicates that
