HDD Shipments Flat at 28-29 Million in 4Q23, Down 18% to 24% Y/Y

Analysts from Trendfocus, Inc. published on January 9, 2024 a report, SDAS, HDD Information Service Preliminary CQ4 ’23 Quarterly Update

HDD Shipments Flat at 28-29 Million
Capacity Shipped Totals Approximately 212EB

3.5″/2.5″ Enterprise HDDs: Shipments lifted to just above 11 million units with nearline rising to nearly 10 million units in the quarter. Improvements in high-capacity cloud demand drove an estimated 18% sequential increase in capacity shipments to approximately 159EB. Performance enterprise HDD units rose an estimated 10% Q/Q.

3.5″ Desktop/CE HDDs: Total shipments (including 3.5″ external and branded surveillance HDDs) dipped to just under 10 million units in 4CQ23 with expected surveillance declines contributing to the reduction.

2.5″ Mobile/CE HDDs: Shipments, which are no longer impacted by PC demand, rose to just over 8 million units in the quarter, driven by seasonally higher retail sales and reversing an unseasonable drop in the prior quarter.

Company	HDDs in million	*Q/Q change*	Y/Y change	Market share
Seagate	11.0-11.90	-8.6 – -1.1%	-28.3 – -22.5%	39.9 – 41.1%
Toshiba	6.30-6.60	1.1-5.9%	-21.4 – -17.7%	22.8 – 22.2%
WDC	10.3 -11.20	-1.1% – 7.6%	-20.1 – -13.1%	37.3 – 37.7%
TOTAL	27.60-29.70	-3.7% – 3.6%	-23.9 – -18.1%	100%