iSuppli Says Western Digital (WDC) HDD Shipments Surpassed Seagate (STX) for the First Time Q/Q, Revs Still Shy
Get Alerts WDC Hot Sheet
Join SI Premium – FREE
According to data from iSuppli, shipments of Hard Disk Drives (HDD) from Western Digital (NYSE: WDC) surpassed Seagate Technology (NYSE: STX) for the first time on a quarterly basis.
For the quarter, WDC shippped 51.1 million HDDs, up 3.2% from 49.5 million shipped in Q409. STX, on the other hand, shipped only 50.3 million units, up 0.8% from 49.9 million for Q409.
Despite this news, iSuppli reports that STX had revs of $3.1 billion, compared to only $2.64 billion for WDC. This is an indicator that STX still has a grip on the higher-end, wider-margin market.
Others rounding out the top five in HDD sales are Hitachi (NYSE: HIT) Global Storage Technologies, Toshiba/Fujitsu and Samsung Electronics Co. Ltd. Hitachi also posted the stronger Q/Q growth at 13.9%.
The future will hold some uncertainty for the companies as well, as many plan to increase their CapEx spending over the next several years to facilitate expansion.
For the quarter, WDC shippped 51.1 million HDDs, up 3.2% from 49.5 million shipped in Q409. STX, on the other hand, shipped only 50.3 million units, up 0.8% from 49.9 million for Q409.
Despite this news, iSuppli reports that STX had revs of $3.1 billion, compared to only $2.64 billion for WDC. This is an indicator that STX still has a grip on the higher-end, wider-margin market.
Others rounding out the top five in HDD sales are Hitachi (NYSE: HIT) Global Storage Technologies, Toshiba/Fujitsu and Samsung Electronics Co. Ltd. Hitachi also posted the stronger Q/Q growth at 13.9%.
The future will hold some uncertainty for the companies as well, as many plan to increase their CapEx spending over the next several years to facilitate expansion.
You May Also Be Interested In
- Canoo Inc. (GOEV) Provides Update on $62M Share Pre-Paid Advance Agreement
- Future Fuel (FF) Announces Special Cash Dividend of $2.50 Per Share and a $25 million Share Repurchase Program
- Seagate Technology (STX) PT Raised to $110 at BofA Securities, 'believe STX is still positioned well to capture Cloud demand for HDDs'
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!