Tuesday, May 10, 2005

Seagate Forecasts Demand from "Terabyte Lifestyle"

Seagate Technology, which claims the leading market share position among hard disc drive manufacturers in key market segments, issued a report predicting increased shipments to satisfy the demands of the "Terabyte" Lifestyle. The disc drive industry is projected to exceed $30 billion and 550 million units annually by 2008, according to Gartner Research, up from $21.4 billion in 2004. Seagate alone is shipping almost 10 million more drives per quarter than it did just two years ago. Seagate has driven product innovation and reliability to new heights. Seagate expects to announce additional products in the coming months that will further penetrate the growing CE and home markets, as well as its traditional computing markets.

"Hard disc drives are everywhere now, and they are enabling a digital lifestyle in ways the world has never before seen," said Bill Watkins, Seagate chief executive officer. "Our industry is at the beginning of a growth cycle that could be as big as the PC revolution of the 80s. Consumer electronics is the primary growth driver, because people are voracious when it comes to getting more gigabytes for their MP3 players, their TVs, gaming devices and PCs. And cell phones, autos, digital cameras and storage in your home appliances will soon be eating up even more gigabytes and terabytes of hard disc drives."http://www.seagate.com


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