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High Expectations for Western Digital and Seagate in Fiscal 4Q17

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Part 4
High Expectations for Western Digital and Seagate in Fiscal 4Q17 PART 4 OF 7

Will Western Digital’s Hard Disk Drive Shipments Rise in Fiscal 4Q17?

Will WDC’s 10 TB HDD drive revenue in fiscal 4Q17?

In May 2017, Western Digital (WDC) introduced a 10 TB (terabyte) HDD (hard disk drive), which was an expansion of its WD Red and WD Red Pro NAS (network attached storage) HDD line up. To date, Western Digital has shipped over 15 million high capacity drives for use in NAS and other application systems.

WDC released the first line of its WD Red HDD’s in July 2012, which addressed scalability and performance challenges for small and medium NAS businesses.

Will Western Digital&#8217;s Hard Disk Drive Shipments Rise in Fiscal 4Q17?

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In WDC’s press release, Vice President Brendan Collins stated: “Five years and over 16 million WD Red family hard drives later, we continue to advance the platform, bringing our innovative HelioSeal platform and other advanced technologies that allow customers to meet their evolving private cloud needs.”

The newly launched HDD is expected to address the need for affordable and compatible storage solutions and reduce the costs of ownership for enterprises.

Lower demand challenges HDD market

In 2016, worldwide HDD shipments fell 9.5% YoY (year-over-year) to 424 million units, down from 468.7 million units in calendar 2015. Western Digital, Seagate (STX), and Japan’s (EWJ) Toshiba are the major HDD manufacturers, with market shares of 41%, 37%, and 22%, respectively. According to RBC’s Capital Amit Daryanani, WDC’s launch of the 10 TB helium-based HDD indicates demand softness outside of this market.

Seagate’s exabytes shipped rose 18% YoY to 65.5 exabytes for the fourth consecutive quarter in fiscal 3Q17. Its average capacity per drive was 1.8 TB (terabytes), representing a rise of 27% YoY. Its ASP (average selling price) was $67—a rise of 10% YoY.

In 1Q17, Seagate’s (STX) HDD (hard disk drive) shipments rose 18% YoY (year-over-year) to 65.5 exabytes. Seagate’s shipments rose for the fourth-straight quarter in fiscal 3Q17. Its average capacity per drive was 1.8 TB (terabytes), representing a rise of 27% YoY. Its ASP (average selling price) was $67—a rise of 10% YoY.

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