Seagate increases profits with 315% – thanks to keeping prices high

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If the saying ‘one man’s meat is the other man’s posion’ is valid for one company, then it’s Seagate today. The company has reported a whopping increase in profits for the first quarter of the company’s fiscal year of 2013. The company profited big time of the supply issues which competitor Western Digital had after the floods in Thailand destroyed some of its factories.

Seagate increases profits with 315% - thanks to keeping prices high

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That was a good moment for Seagate to slash warranties and increase  prices which resulted profit increase of 315%. Both Western Digital and Seagate increased prices and reduced warranties but fortunately for consumers prices have come down considerably the last few months due to competition of SSD drives,  a highly competitive market.

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