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Hard drive shipments recover from floods in Thailand, expected to reach record high
Last year's floods in Thailand caused hard drive shortages after wreaking havoc on a number of electronics manufacturers, but new stats from IHS iSuppli indicate that the HDD market for PCs has fully recovered and is poised to hit an all time high. The firm expects 524 million units for internal use in PCs to ship this year, besting the previous record by 4.3 percent. What's giving the recovery an added boost? According to the analytics group, the extra demand comes courtesy of Windows 8 and Ultrabooks. Unfortunately for deal hounds, the company noted in a report earlier this year that prices aren't expected to dip below the pre-flood range until 2014. If IHS iSuppli projections hold true, total annual hard drive shipments could reach 575.1 million by 2016.
Nikon posts Q3 2011 earnings, sees significant losses due to Thailand floods
Nikon posted its Q3 earnings report this morning, and there isn't a whole lot to smile about. The cameramaker had to swallow a one-off loss of ¥10.9 billion last quarter (approximately $143.1 million), due to widespread flooding that devastated its Thailand manufacturing plant, in October. Today's report comes just a day after Sony issued similarly dire figures, which it largely attributed to last year's flooding, as well. For the third quarter ended December 31st, Nikon posted a ¥3.7 billion loss (about $48.6 million), compared with the ¥9.7 billion ($127.3 million) it saw in net profits over the same period in 2010. Operating profits also fell to ¥8.2 billion from ¥18.6 billion in 2010, while total revenue dropped from ¥253.8 billion in Q3 2010 to ¥215.4 billion, last quarter. The company remains optimistic about the future, though, forecasting net gains of ¥55 billion this year, coupled with an expected revenue of ¥925 billion. For the full report, check out the source links below.
