Hard drive shipments exceed expectations in Q1
Jul 20, 2006
Seagate Technology LLC in the first quarter bolstered its lead in the Hard Disk Drive (HDD) market, amid stronger-than-expected demand throughout the industry, according to iSuppli Corp. "Global HDD shipments amounted to 101.7 million units in the first quarter of 2006, up 16.5 percent from 87.3 million units during the same period of 2005. iSuppli had predicted growth of 15.4 percent," said Krishna Chander, senior storage analyst for iSuppli. "Shipments declined by 1.7 percent compared to 103.4 million units in the fourth quarter of 2005. However, HDD sales typically decrease sequentially in the first quarter following the peak holiday period during the fourth quarter. The stronger-than-expected HDD sales in the first quarter were driven by demand from the mobile-PC and consumer-electronics markets," Chander added.
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