Hard Drive Prices worldwide have more than doubled in the wake of flooding in Thailand who harbors factories of major hard drive manufacturers.

Flooding in Thailand, the No. 2 exporter of hard drives, has killed more than 400 people since July and devastated industrial areas in the center of the country. “World output of hard drives may fall as much as 30 percent in the final three months of 2011 and manufacturers that need them are now scrambling to snap up existing inventories, according to market research firm IHS iSuppli.”

According to New York Times, the situation will likely not improve until the first quarter of 2012.

Below are some related news reports:

• Reuters: Oct 28, 2011 – Thai floods boost PC hard drive prices
• The New York Times : Nov 07, 2011 – Thailand Flooding Cripples Hard-Drive Suppliers
• CNET :Nov 10, 2011 – Hard-disk shortage hits consumer outlets
• TechWorld :PC makers face 20 percent reduction in hard drive supply
• Digital Trends :Nov 10, 2011 – 1TB hard drive prices skyrocket 180 percent due to Thailand floods

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