A report by market intelligence firm, TrendForce, has revealed that prices of storage drive laptops and computers will go up by 50% in 2024.
According to the report, the price increment is predicated on the need for suppliers to reach the breakeven point after a rebound from the decline in NAND flash memory prices.
This would make computer SSD drives more expensive this year and ultimately lead to higher prices for laptops and computers.
Industry analysts noted that SSD price increases have already become noticeable, ending the era of exceptionally affordable storage. However, TrendForce expects an additional sharp increase in prices as manufacturers cannot recoup their expenses and inventories are running out.
The market intelligence firm in the report stated:
Looking at the global NAND Flash market share in 3Q23, TrendForce noted that Samsung holds the leading position with a market share of 31.4%. The second position is held by the SK group, with a market share of 20.2%, followed by the U.S.-based Western Digital in third place with a market share of 16.9%. The Japanese company, Kioxia ranks fourth with a market share of approximately 14.5%.
According to TrendForce, the industry indicates that due to the lower profitability of NAND Flash compared to DRAM, international giants are actively reducing NAND Flash production.
