WW HDD Shipments in 2CQ23 Down 6.8% Q/Q

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C2Q 2023 Hard Disk Drive Industry Update

Total HDD shipments in C2Q 2023 were down 6.8% compared with C1Q 2023 (31.2 million vs. 33.5M). This continues the downward trend since Q1 2022. Total exabytes shipped in C2Q 2023 were down about 19.3% from C1Q 2023. Total estimated HDD revenue in C2Q 2023 was about $3.27 billion (down about 13.5% from the prior quarter). All storage and memory companies have suffered from bad quarters since 2022 (it isn’t just HDDs).

Estimated market share for 2CQ23

Projections for total shipments of HDD storage capacity on an annual basis to 2028