Seagate (NASDAQ: STX) and Western Digital (NASDAQ: WDC) are two of the leading electronic data storage providers worldwide, manufacturing storage devices for both personal use and enterprise applications. The memory device market has seen continuous innovation over the last few years, leading to...
are two of the leading electronic data storage providers worldwide, manufacturing storage devices for both personal use and enterprise applications. The memory device market has seen continuous innovation over the last few years, leading to an increase in average storage space and a decrease in cost per bit. Of late the supply glut in the memory market has led to a drop in DRAM and NAND prices, and has hurt memory providers.
WDC has seen a compounded revenue growth of 3.26% from 2015-2019, whereas Seagate’s revenue has declined at about 6.65% annually over the same period. For Seagate, the next biggest market is America , whereas for WDC it is Europe, Middle East and Africa .Both companies have seen a gradual drop in Revenue from HDDs, as latest innovations have led to a drop in the cost per bit.
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