• fuckwit_mcbumcrumble@lemmy.world
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        8 months ago

        It’s like gas prices early in the pandemic, but not quite as bad.

        They grossly overproduced, sat on a stockpile that couldn’t sell which costs them a ton and had to sell them for nothing. There’s nowhere for the price to go but up.

        • 𝕽𝖔𝖔𝖙𝖎𝖊𝖘𝖙@lemmy.world
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          8 months ago

          I bought a WD Black 4TB gen4 nvme for just under $200 over the holidays.

          The listing says up to 7,300MB/s. I only have a gen3 SSD slot so I can’t verify that but it saturates the gen3 capabilities.

        • n3m37h@sh.itjust.works
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          8 months ago

          MB/s

          Seq 1M Q8T1
          1Gb
          2838 Read 2255 Write
          4Gb
          1419 Read 2239 Write

          Random 4k
          44.89 Read 108.33 Write

        • stealth_cookies@lemmy.ca
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          8 months ago

          It is so frustrating trying to buy a nvme ssd because they make it so unclear which models have DDR and which don’t. I tried to buy one recently to upgrade a family member’s computer and was wondering how a non technical person has any chance of finding something decent.

      • Turun@feddit.de
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        8 months ago

        Seriously, a lot of weirdly negative comments here.

        Yeah, it’s not great that prices go up, but a few months ago was the lowest price for memory and storage we have ever seen in all of history. 40€/TB at the low end for SSDs. That’s absolutely insane. It was entirely expected for prices to rise a bit again.

  • Evilcoleslaw@lemmy.world
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    8 months ago

    And then in 5 years they’ll all settle for a few million dollars in a class action for price fixing. Rinse, repeat.

    • Artyom@lemm.ee
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      8 months ago

      Of course, the customer payout will eventually amount to $5/affected customer, but only those who replied to their rather invasive survey, paid out over 3 payments over the coming year.

      • NaiveBayesian@programming.dev
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        8 months ago

        Don’t forget it’s usually just US citizens who even get the chance to jump onto such class action suits. The rest of the world don’t even get their $5.

    • Fades@lemmy.world
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      8 months ago

      Just the cost of doing business. Just ask all the hedgefunds that break the rules time and time again and simply pay a small fee to FINRA (if at all)

  • Fades@lemmy.world
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    8 months ago

    What a surprise, capitalists can’t keep making more money quarter after quarter so instead they just rack up the prices for no reason other than the c-suite wants more bonus money.

    Fucking PATHETIC and reprehensible

      • Sethayy@sh.itjust.works
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        8 months ago

        Love how everyone’s argument for capitalism is just ‘well communism sucks too’.

        Good job regurgitating half a century’s worth of propaganda, no one mentioned communism and there’s more than just 2 ways to run q society

        • SuperSpruce@lemmy.zip
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          8 months ago

          How about making fair regulations to stop corporations from abusing capitalism instead of forcing communism on everyone?

            • SuperSpruce@lemmy.zip
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              8 months ago

              It doesn’t work because of corruption. The same exact reason why communism doesn’t work.

          • Salix@sh.itjust.works
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            8 months ago

            I love how the person you replied to mentioned that no one is mentioning communism as an alternative, yet you’re bringing it up once again when the person you replied to isn’t forcing communism on you at all

        • Tja@programming.dev
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          8 months ago

          I was born and have lived in a communist country. It doesn’t “suck too”, it gets you killed. Good job regurgitating garbage tired internet arguments.

          • Aleric@lemmy.world
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            8 months ago

            Dictators and authoritarianism get you killed. Some capitalist countries have also have these things and, oddly enough, people also die for the same reasons. Could it be… the economic model actually isn’t the issue?

            • Tja@programming.dev
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              8 months ago

              Except there are democratic capitalist countries, all communist countries are dictatorships.

              • Aleric@lemmy.world
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                8 months ago

                Ahhh, the old “I know nothing about what I’m talking about so I’m going to keep making things up” defense. Classic move and stunningly performed. I can tell you have practice.

                • Tja@programming.dev
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                  8 months ago

                  The classic: I’m not going to disprove you because I cannot name one communist country that isn’t a dictatorship, but I want to sound cool nonetheless. Well done.

                  How’s the Che Guevara t-shirt made in a sweatshop doing?

  • JCreazy@midwest.social
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    8 months ago

    Nobody is buying so let’s increase the price. Makes a lot of sense. Good job guys.

    • RecallMadness@lemmy.nz
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      8 months ago

      If people generally atent buying, there’s still People that need to buy (businesses, oems, etc)

      They’re just doing the ol covid ratchet. Tightening the thumbscrews on the people who can’t opt out.

      Doesn’t affect their bottom line much if nobody’s choosing to buy.

    • trafficnab@lemmy.ca
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      8 months ago

      They drastically increased production after covid, and then with inflation and the economy slowing down, demand crashed, meaning they had a fuckton of NAND and nobody to sell it to. They needed to get rid of it so they sold it all at a steep discount below the break even mark, losing billions of dollars in the process (I don’t think any NAND manufacturer had a profitable 2023?). Now, they’re cutting back production to profitable levels that actually meet demand, so prices will increase and return to normal.

    • trafficnab@lemmy.ca
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      8 months ago

      They lost billions of dollars due to production being way higher than demand during 2023, it’s only collusion in the sense that they all want to actually make some money on the NAND they manufacture.

  • Dr. Dabbles@lemmy.world
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    8 months ago

    Demand is way down, so they raise prices. This is the cycle that keeps repeating, and nobody should be surprised.

      • Dr. Dabbles@lemmy.world
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        8 months ago

        It’s exactly how this works, and during a quarterly review with Samsung, they literally told me they were doing this. Nobody in the industry is surprised by this.

        Not sure why you’d deny what you literally see happening.

        • Tja@programming.dev
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          8 months ago

          It shouldn’t (edited) matter if the rise the prices. Nobody’s buying, right?

      • Dr. Dabbles@lemmy.world
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        8 months ago

        By cut supply, you mean several fabs have suffered catastrophic losses and turned down production for nearly a year? Because that’s what happened.

        And yes, nobody makes products when there’s no demand for them. It’s the basics of how they turn the screws to buyers at all times.

        • stevehobbes@lemy.lol
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          8 months ago

          They cut supply in like September. They were all fighting for market share still, largely driven by Samsung, hence the low prices.

          Server shipments were way down because everyone overbought in 2021/2022.

          The NAND market has always been an antitrust shit show.

          • Dr. Dabbles@lemmy.world
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            8 months ago

            Yup. They control the entire market and there’s a decreasing number of fabs. They raise prices to ensure revenue doesn’t drop and they can keep showing investors lines going up.

            It’s idiotic, and it’s how the industry has worked for decades at this point. Just wait till people figure out the games played by fabs, substrate manufacturers, and component suppliers…

  • HidingCat@kbin.social
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    8 months ago

    Well, I saw this coming and got a new 2TB SSD before 11.11 even. Though now thinking if I should have gotten 4TB instead. xD

    Also, this kinda is like collusion, no?

    • Longpork2@lemmy.nz
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      8 months ago

      Maybe that’s their real play here? Put out a bunch of news about upcoming price hikes, and watch everyone scramble to buy up their current stock.

  • hark@lemmy.world
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    8 months ago

    They’re not even going to make an excuse for it like “the power went off for a split second in one room at one factory because we flicked a switch”? Regardless, I’m fine with waiting years for them to tire themselves out with all the screaming about how prices must rise. It gives me great pleasure to not reward this behavior while they’re pulling this shit. Raise the prices all you want, I’m not buying.

  • Blackmist@feddit.uk
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    8 months ago

    The main factor is normally panic article like this.

    “Hey, the price is going to go up later this year!”

    *people buy now*

    *demand goes up*

    *price goes up*

  • Anti-Face Weapon@lemmy.world
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    8 months ago

    In the US there is enormous investment in new NAND and other chips manufacturing. The government does not want these products and materials to be expensive or scarce. So the good news is the US gov will likely jump on this immediately.

  • Xavier@lemmy.ca
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    8 months ago

    Too late, I was buying up a bunch of high TBW solid state drives the last ~2 years, even this Black Friday/Boxing Day there were a few last deals.

    My focus was mostly on Intel Optane leftovers, but also Samsung Pro (NVMe, SATA, even microSD), Kingston enterprise (DC500M/DC600M/DC1500M, NVMe, SD/microSD), even some Seagate Nytro SATA/SAS enterprise drives, Crucial MX500, WD Red, and a bunch of other brands.

    I’m a data hoarder organizer for family/relatives/friends I regularly give tech support for and myself. I love to recycle old PC I’ve build previously into NAS, media center, NVR or whatever new projects or ideas they come up with.

    Unfortunately, I may have missed out on some great DDR4 and DDR5 deals I saw but was thinking it was not immediately necessary 🫤… oh well… we win some and lose some.

  • dangblingus@lemmy.dbzer0.com
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    8 months ago

    I feel like China enacting protectionist policies on lithium will do more to drive up chip prices. People are broke right now, so choking out the retail supply of chips to artificially raise prices will just result in miserable quarters for Micron, Hynix, and Samsung.

  • leanleft@lemmy.ml
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    8 months ago

    i wouldnt mind to snag a deal on some premium ddr3. but if they raise the price, then nvm. i’ll wait till next year.