No more New Pure Storage AFAs Will Be Sold within 5 Years
Predicts Tom Isakovich, CEO and founder, Nimbus Data.
This is a Press Release edited by StorageNewsletter.com on May 8, 2024 at 2:02 pmIn a post, Thomas Isakovich, CEO and founder, Nimbus Data, Inc., predicts no more new Pure Storage flash arrays will be sold within 5 years, due to:
(a) overpriced and closed box with subpar performance for AI era,
(b) margin erosion as SSD vendors lap them on density,
(c) unsustainable business model with over $1 billion in accumulated GAAP losses since inception.
Much more likely than their HDD death claim.