Since the Thailand flooding disaster that really put the hard drive suppliers in a pickle, hard drive prices have gone up. Way up.
How far up?
More than double.
In this article I wrote back in July 2011 (8 months ago), the 1TB 7200 RPM hard drive mentioned was $55. The price of the same drive now is $120, so if you were ever wondering how high prices of HDDs went, now you know.
Will things get better concerning HDD prices? Not in the short term. The market probably won’t stabilize until very-late 2012 or even as far down the road as early 2013.
Should you buy used HDDs in the interim until the big-drive HDDs go down in price again?
No, don’t do that. If you need the space with the big drives, you’re going to have to bite the bullet and pay the money for the new stuff. It is not worth it to save a buck with a used drive when your data is at stake.
What’s the best way to buy big HDDs now?
Bigger saves you more, but only for a very specific capacity. The lowest price for a 1TB is about $100 (or $0.10 per GB put in simple terms). A 2TB drive on the low end is $130, so you can immediately see why the 2TB is the better deal compared to the 1TB. And bear in mind this is like-to-like brands I’m talking about here.
On the 3TB super-big side of things, you’re looking at $200-and-up range from that point presently, so again, the 2TB is the best deal going right now.
Obviously, shop wisely and mind the RPM speed for what you get. If you don’t care about slower drives, the 5900 RPM is priced lower than a 7200.
Here’s all the 1TB-and-up drives starting from the lowest price. Even if you don’t buy from that vendor specifically, you’ll get a very good idea of what you’re going to spend either now or in the near future.
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