this post was submitted on 01 Jan 2024
333 points (94.6% liked)
Technology
61774 readers
4199 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They're reducing supply because they can't make any money with this supply/demand mismatch, Micron for example didn't have a single profitable quarter and lost something like $6B total over the course of 2023
The only reason SSD prices have been this low is because we've been paying less than the cost to produce them as they try to recoup some of their losses and shed inventory