this post was submitted on 01 Jan 2024
343 points (94.5% liked)
Technology
59377 readers
3936 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Spreading rumors of price hikes, to justify later price hikes and quell customer outrage over it.
Capitalism 101.
They all cut way back on manufacturing last year due to the price drops from significantly reduced demand. So it's 100% expected that prices will go up because they've created a reduced supply.
It’s like there is a SSD OPEC.
There's an unofficial open for everything these days, food, medicine, computer components, etc... there's a handful of companies that corner the market for everything now and they all are perfectly happy matching supply and pricing.
They're reducing supply because they can't make any money with this supply/demand mismatch, Micron for example didn't have a single profitable quarter and lost something like $6B total over the course of 2023
The only reason SSD prices have been this low is because we've been paying less than the cost to produce them as they try to recoup some of their losses and shed inventory
so they are treating computer parts like diamonds now? Faking supply shortages to increase demand, therefore prices?
Capitalism is so efficient.
The graphics card market the last few years has really shown how much money there is to be made doing that. If they all reduce supply together or there simply isn't anyone setup to compete with them, they can make a killing.
I think they're underestimating how long reduced demand can continue... Especially when they make things even less affordable.
Yep pure market manipulation
Butter the bun before the bake