All because of coronavirus
Western Digital has announced that it will raise corporate hard drive prices by more than 10%. There are several reasons: high production costs and supply problems amid increased demand from companies related to cloud services.
Supply problems are associated with the coronavirus pandemic. Actually, the increased demand from the “cloud” companies is due to exactly the same thing – total quarantine has led to the fact that people have become much more active in using various services, including cloud.
Against the backdrop of Western Digital’s announcement of price increases, the company’s shares have already grown 5.5%.
