Couldn’t anyone have predicted this, like the end of the diskette? It was only a question of when.
“Couldn’t anyone have predicted this, like the end of the diskette? It was only a question of when.”
Critics of Seagate simply don’t know what they are talking about. The owner-managers of Seagate are making a ton of money selling hard disk drives, because the SSD (Solid State Drives) have not yet reached a low enough price and high enough storage capacity to supplant the hard disk drives (HDD). Yes, this situation is changing in favor of the SSD. In the meantime, Seagate must make hay while the Sun shines, and sell as many of the HDD as they can to profit from the costs they incurred to build the HDD manufacturing plants.
When the SSD are finally able to supplant HDD through competitive capacities, pricing, and reliability, the leadership of Seagate can do one of two things. They can maximize their personal gain through the sale of their Seagate stock options and stock as Seagate declines and is eliminated from the market, or they can use the current income advantage to purchase one or more of the companies who are the manufacturers of SSD products to regain market share in the storage business.
In either case, Seagate leadership must maximize the income they make from today’s HDD sales, regardless of the future of SSD products.