In this age of consumer electronics, we pay little to no attention to the components that make up the devices we use. However, the floods in Thailand have caused us to realize just how important these components are, especially when prices of these components shoot up, causing the devices themselves to become more expensive.
Worse still is the delay of product shipments due to the lack of components. Tech Crunch reported that Nikon (their products are mostly made in Thailand) and Sony have already had their shipment of new cameras delayed.
According to Tech Crunch however, the hardest hit industry is the hard drive makers. Hard drive manufacturers have their factories seriously affected by flood water, and production has since been halted.
But the main gist of the article is that hard drive prices have spiked by as much as 400% since reports of the floods started. Retailers have inventory of cheap hard drives, but their stock has since been depleted, and there is nothing left to do but to raise the prices for the remaining hard drives they have.
We're sure some of our readers have already encountered the price hikes at Sim Lim Square or Funan Center. Tech Crunch was also optimistic regarding the prices of hard drives, and said that the prices could come down fairly quickly. However, they also mentioned that it will be a year or more before production levels go back up.
Source: Tech Crunch