Thai floods reduce global hard drive supply by quarter

Market experts have estimated that flooding in Thailand will reduce the global supply of computer hard drives by at least 25%.

According to the latest outlook by Gartner, the Thailand floods that left one-third of the country under water are having "serious implications" for businesses worldwide, particularly with computer and storage purchases.

"Faltering global economic growth, the euro zone crisis and the impact of Thailand's floods on hard-disk drive (HDD) production have all taken their toll on the outlook for IT spending," Richard Gordon, research vice president at Gartner, said.

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