Hard disk drive supplier Seagate Technology provided a financial update today, reiterating that demand for HDD units will exceed supply in 2012 in the wake of flooding last year in Thailand.
Seagate updated its financial outlook for fiscal second quarter 2012 on Wednesday afternoon, stating it shipped approximately 47 million disk drives, which included approximately 700,000 Samsung disk drives.
Revenue is expected to be between $3.1 billion and $3.2 billion, the company said. Analysts had projected revenue of $2.79 billion on average, according to Bloomberg. Seagate completed the acquisition of Samsung's hard disk drive business … Read more