Disk storage market shows anemic growth
The total disk storage systems market barely grew in the second quarter with a 0.3% year-over-year increase and a continued drop in high-end storage sales, according to research firm IDC.
During the quarter, the disk storage market raked in $7.8 billion in revenue, on internal storage sales coming from the Asia Pacific region, and emerging markets, IDC said in a report on Friday.
High-end storage sales, however, fell for the fourth consecutive quarter. At the same time, midrange storage sales also dropped in the period, signaling that “weak demand is spreading to other parts of the market,” said IDC analyst Eric Sheppard in the report.
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