Samsung has decreased its output by 50% since September, though the market has already seen price bumps due to inventory being cleared out.
So they artificially create a shortage to hike up the prices. Nice.
this post was submitted on 01 Jan 2024
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That’s capitalism for you 😉
More like monopoly.
Yes, capitalism will always choose the most efficient path to acquiring capital, which is evidently acquisition + mergers until they can artificially limit supply, then exploit and extort society wholesale; regardless of the consequences.
Yep… Doesn’t matter if the answer is war, famine, mass incarceration, crippling debt, homelessness, mental illness, pollution, climate change, ecocide, or genocide — capitalists will always find the most efficient path to the acquisition of capital.
The only higher Return On Investment than creating yourself or finding and securinb a monopoly position and squeezing costumers is, maybe, buying politicians and having laws written to favour you, so naturally people guided only by the personal upside maximization idology will engage in both if they think they can get away withnit (or the penalties if caught are less than the profits).
It is absolutelly natural in Capitalism for companies to seek and even create monopoly positions and then squeeze customers, and to corrupt those who make the laws and regulations as well as those who enforce them, and often these things are combined: notice for example how the artifical monopoly which is Copyright has been repeatedly extended in duration to well beyond the point were there is an upside for Society, and now none of us will ever see the works created during our lifetime become Public Works.
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To be fair they did far over produce them which is why they’ve been so dirt cheap lately.
But companies did learn over Covid that if you just don’t make something you can charge whatever you want for it and people will pay it.
There are plenty of other players on the SSD marker. Crucial, WD, etc. I predict that their prediction will be wrong
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Spreading rumors of price hikes, to justify later price hikes and quell customer outrage over it.
Capitalism 101.
They all cut way back on manufacturing last year due to the price drops from significantly reduced demand. So it's 100% expected that prices will go up because they've created a reduced supply.
It’s like there is a SSD OPEC.
There's an unofficial open for everything these days, food, medicine, computer components, etc... there's a handful of companies that corner the market for everything now and they all are perfectly happy matching supply and pricing.
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Yep pure market manipulation
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By what magik are they able to “predict” a 50% price increase ?
Setting expectations..
They plan to raise prices 50%, then they raise prices 50%.
My employer isn't any better. We raised prices on our second biggest product line about 6 months ago.
Article says SSD manufacturers currently sell at a loss & intend to raise prices because they want to be profitable, 40% is break even, 50% is profitable
Then the journalist who wrote the article is absolutely lying to us.
Maybe they should cut the executive class salaries. Bet there is plenty of money there.
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Fake problems in order to get in on all this fake inflation bullshit. All these capitalist pigs raking people over the coals for record profits under the entirely fabricated "inflation" crisis. SSD manufacturers want to get theirs too.
This is the prep/hype phase where they spread fake news to get the consumers prepped for surgery. None of it is real.
Well that's not great... They're already pretty expensive as it is.
yeah i thought 4TB would be like $50 now. whatever happened to moore's law
Unregulated capitalism some would say, I say cheap production costs with little to no consequence whatsoever for them doing this kind of thing.
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Moore's law has been dead for a long long time.
E: if you're downvoting this it's because you don't have a clue what you're talking about. Moore's law was the observation that transistor density would double every ~2 years. That's not happening and hasn't for a long time.
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SSDs are absurdly cheap at the moment. 2023s demand glut led to a huge over abundance of SSDs and dirt cheap prices.
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Greeedflation bullshit
These companies need to get smacked upside the head. Hard drives would be pretty much completely obsoleted if SSDs hit the prices that they should if we had proper competition instead of the "competition" to keep prices up that this memory cartel loves to keep up. My only hope is for another player to come in and dump cheap product onto the market like Japan did in the 80s.
Hdd wont be obsolete for awhile. They're the best media to store large libraries cost effectively. Until there are 10+TB SSDS with reasonable prices, many people with home storage systems won't upgrade. Not shelling out $10k for SSDS, sorry.
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While I love the thought, I’m not going to hold my breath on replacing my 880 TB of spinning platters with SSDs.
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Looks Iike a good year for deleting things.
Maybe this will encourage devs not to make games over 100GB.
Glad I just bought a 4tb gen 3 drive for dirt cheap
PC part prices are already extremely high, how in the hell can anyone build or buy anything with prices so high?
I wonder if it's gonna be a fire or a flood this year. They always make stuff up to raise it.
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