SSD prices predicted to skyrocket throughout 2024 — TrendForce market report projects a 50% price hike | Tom's Hardware
The return of $100 1TB SSDs.
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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.
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.
Monopolies are the natural, direct result of unbrindled capitalism. So yeah, capitalism at work.
[example of corruption] is the natural, direct result of unbridled [system invented by humans].
Huh.
How is that corruption?
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.
Never, not in our free markets!
At least a duopoly for the illusion of competition
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
If Samsung publicly announces cutting back production and the rest do the same I don't think it's considered collusion.
I think it’s only collusion if they all talk about doing it. Reading that your competitor raised prices and then raising your own isn’t the same as using back channels with your competitor in order to agree to both raise prices
It is okay to respond but not okay to plan.
From today's prices, an increase of 40% will reportedly get these companies back to breaking even, and a rise of 50% will mean profits instead of the losses that threatened bankruptcies earlier this year.