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Article: Hard Disk Drives: Sales Revenues Stumble in 1998, But Disk Drive Industry Starts Upward Sales Trend in 1999.
- Article from:
- Business Wire
- Article date:
- June 10, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 10, 1999--
Several disk drive manufacturers placed a higher priority on market share than on profits during the 1998-99 period, according to the recently released 1999 DISK/TREND report on rigid disk drives. As a result, worldwide hard disk drive sales revenues were down 5.2% in 1998, despite an 11.1% increase in unit shipments.
In 1999, the industry is just as price competitive, but overall sales revenues are forecasted to increase 7.7%, boosted by a 16.1% increase in unit shipments. The industry shipped 144.9 million hard disk drives in 1998, and the projection for 1999 is 168.3 million, with the forecast ...