Western Digital and Seagate have revealed hard drive (HDD) and solid state drive (SSD) sales have declined throughout 2022, and that “the situation is getting worse”.
Western Digital CEO David Goeckeler made the comments at the recent Goldman Sachs technology conference, adding that he has little confidence in the company achieving its sales revenue projection of around $3.6-3.8 billion in its final quarter of the year.
For its part, Seagate has also revised its revenue projections for the recent quarter, going down from $2.5 billion to $2.1 billion. CEO Dave Mosley, in his own appearance at the conference, said, “everyone’s just taking a little bit of a pause” from investing in storage of any type, referring to the trend as a “multi-quarter correction”.
Read more at TechRadar.com