In 2011, massive flooding in Thailand caused hard drive manufacturers like WD, Toshiba and Samsung to halt production in the nation, causing a shortage in hard drive supply and an almost 50 percent jump in prices as demand continued its exponential growth.
According to cloud data backup provider Blackblaze, prices have finally stabilized back to pre-crisis levels, although still higher than if the crisis had never occurred and the long-term trend had continued.
During that time, hard drives have gotten more efficient and larger drives, including 4TB, have become more mainstream.
A few of Blackblaze's charts:
During that time, hard drives have gotten more efficient and larger drives, including 4TB, have become more mainstream.
A few of Blackblaze's charts:
