Seagate has announced in a letter to its major customers that it will be raising prices, effectively immediately, across its suite of hard drive products. The move comes in response to competitor Western Digital sending a nearly identical letter to its customers a week before Seagate. Seagate is now joining the rest of the computer storage industry, where prices are rising across the board.
In a letter dated April 18th, Seagate outlines a return to previous demand highs, low manufacturing capacity, and a generally inflated state across the world market as being major factors in its decision to raise prices. The company further warns customers that additional price increases will come in upcoming quarters. The full letter can be seen at TrendForce.
