Apparently, in recent years, in the field of hard disks, SSD solid-state drives have a huge market advantage, while HDD mechanical hard drives are declining day by day. Coupled with the non-optimistic global economic situation this year, the demand for electronic products such as mobile phones and computers has continued to decline. According to Seagate’s Q4 financial report for the fiscal year 2022, the company’s profit plummeted by 42%!. We all know that Seagate’s main product is the manufacturing of mechanical hard disks. Against this backdrop, can we now ask the question “are mechanical hard drives going to be phased out?”
Are Mechanical Hard drives going to be Phased out because of the Presence of SSDs?
Apparently. solid state drives(SSD) have the following advantages going for it:
- They are fasters,
- SSDs are more durable
- The reliability of SSD is top notch
- They are power and energy efficient
- mobility and low/zero noise
- better volume and sizes than mechanical HDDs.
A Hit on Mechanical Hard disks as Evident in the Decrease in Seagate’s Profits
According to the financial report, Seagate’s Q4 revenue was $2.63 billion, a decrease of 12.6% from the revenue of $3.01 billion in the same period last year, while the profit of $276 million fell 42% from $482 million in the same period last year.
In response to the slump in market demand, Seagate announced that it will cut production capacity, which means fewer HDD hard drives will be shipped next quarter.
In fact, compared with solid-state drives, mechanical hard drives have the advantages of large capacity and high-cost performance, but they are still inferior to solid-state drives in terms of volume, speed, heat dissipation, noise, etc. So would you choose to buy a mechanical hard drive?