{"id":89721,"date":"2016-04-19T11:26:15","date_gmt":"2016-04-19T09:26:15","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=89721"},"modified":"2016-04-19T11:27:00","modified_gmt":"2016-04-19T09:27:00","slug":"seagates-sales-continue-to-plummet","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/hardware\/89721-seagates-sales-continue-to-plummet","title":{"rendered":"Seagate’s sales continue to plummet"},"content":{"rendered":"

Seagate has announced poor fiscal returns for the third straight financial quarter.<\/p>\n

Despite shipping over 39 million hard drives over the quarter (making up 40% of the market), the company continued to post losses due to poor sales in other key areas.<\/p>\n

The company adjusted<\/a><\/strong> its revenue projections from $2.7 billion to $2.6 billion, and its non-GAAP gross margin from 27 percent to 23 percent. Seagate’s revenue is down 13 percent quarter-over-quarter and 22 percent year-over-year.<\/p><\/blockquote>\n

This resulted in a 19.8% stock decrease following the close of markets on Friday, 18 April 2016.<\/p>\n

The main cause for concern was a reduced demand in the desktop PC market, particularly from China and other East Asian markets.<\/p>\n

HDD manufacturers are limited <\/a><\/strong>by a base price of roughly $40 for the key materials required to construct a 2.5″ client HDD. This cost comprises several of the critical HDD components, such as motors, heads and spindles. It is nearly impossible for an HDD to dip below $40, regardless of its capacity.<\/p>\n

This follows the news that all hardware component sectors failed <\/a><\/strong>to meet sales expectations over the last year.<\/p>\n

More gaming news<\/h3>\n

ADSL gaming trouble? How to test your connection<\/a><\/strong><\/p>\n

Watch the moment a game world died<\/a><\/strong><\/p>\n

The best rugby games of all time<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite shipping over 39 million Hard drives over the quarter, the company continued to post losses due to poor sales in other key areas. <\/p>\n","protected":false},"author":234,"featured_media":89723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[7],"tags":[31,9907,3862,2541],"class_list":["post-89721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-earnings","tag-hdd","tag-seagate"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/89721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/234"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=89721"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/89721\/revisions"}],"predecessor-version":[{"id":89767,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/89721\/revisions\/89767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/89723"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=89721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=89721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=89721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}