this post was submitted on 01 Jan 2024
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[–] themurphy@lemmy.world 342 points 10 months ago (4 children)

Samsung has decreased its output by 50% since September, though the market has already seen price bumps due to inventory being cleared out.

So they artificially create a shortage to hike up the prices. Nice.

[–] Retiring@lemmy.ml 109 points 10 months ago (1 children)

That’s capitalism for you 😉

[–] themurphy@lemmy.world 30 points 10 months ago (4 children)
[–] WhatAmLemmy@lemmy.world 70 points 10 months ago* (last edited 10 months ago)

Yes, capitalism will always choose the most efficient path to acquiring capital, which is evidently acquisition + mergers until they can artificially limit supply, then exploit and extort society wholesale; regardless of the consequences.

Yep… Doesn’t matter if the answer is war, famine, mass incarceration, crippling debt, homelessness, mental illness, pollution, climate change, ecocide, or genocide — capitalists will always find the most efficient path to the acquisition of capital.

[–] Croquette@sh.itjust.works 35 points 10 months ago (2 children)

Monopolies are the natural, direct result of unbrindled capitalism. So yeah, capitalism at work.

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[–] Aceticon@lemmy.world 9 points 10 months ago* (last edited 10 months ago)

The only higher Return On Investment than creating yourself or finding and securinb a monopoly position and squeezing costumers is, maybe, buying politicians and having laws written to favour you, so naturally people guided only by the personal upside maximization idology will engage in both if they think they can get away withnit (or the penalties if caught are less than the profits).

It is absolutelly natural in Capitalism for companies to seek and even create monopoly positions and then squeeze customers, and to corrupt those who make the laws and regulations as well as those who enforce them, and often these things are combined: notice for example how the artifical monopoly which is Copyright has been repeatedly extended in duration to well beyond the point were there is an upside for Society, and now none of us will ever see the works created during our lifetime become Public Works.

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[–] fuckwit_mcbumcrumble@lemmy.world 47 points 10 months ago

To be fair they did far over produce them which is why they’ve been so dirt cheap lately.

But companies did learn over Covid that if you just don’t make something you can charge whatever you want for it and people will pay it.

[–] akrot@lemmy.world 9 points 10 months ago (5 children)

There are plenty of other players on the SSD marker. Crucial, WD, etc. I predict that their prediction will be wrong

[–] the_post_of_tom_joad@sh.itjust.works 44 points 10 months ago (3 children)

We cynics predict the other players will follow suit, acting as a cartel. The prices will remain inflated, and media covering the price rise will blithely repeat industry talking points as fact. A few keyboard warriors will be convinced enough to point to these articles in online arguments. Someone somewhere types "supply and demand" unironically.

Maybe a few years down the line there will be an investigation when a whistleblower forces some government in europe to appear as if they're doing something. The trial will last longer than the media coverage of it.

After that, we predict a settlement that costs less than the profits they made colluding to inflate prices. Someone somewhere types "cost of doing business"

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[–] A_Random_Idiot@lemmy.world 233 points 10 months ago (3 children)

Spreading rumors of price hikes, to justify later price hikes and quell customer outrage over it.

Capitalism 101.

[–] roofuskit@lemmy.world 43 points 10 months ago (5 children)

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.

[–] billwashere@lemmy.world 25 points 10 months ago (1 children)

It’s like there is a SSD OPEC.

[–] roofuskit@lemmy.world 10 points 10 months ago* (last edited 10 months ago)

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.

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[–] billwashere@lemmy.world 14 points 10 months ago

Yep pure market manipulation

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[–] doublejay1999@lemmy.world 145 points 10 months ago (4 children)

By what magik are they able to “predict” a 50% price increase ?

[–] Annoyed_Crabby@monyet.cc 134 points 10 months ago (1 children)

Market Manipulation Lvl 1: Hyping

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[–] MisterD@lemmy.ca 47 points 10 months ago

Setting expectations..

[–] afraid_of_zombies@lemmy.world 26 points 10 months ago

They plan to raise prices 50%, then they raise prices 50%.

My employer isn't any better. We raised prices on our second biggest product line about 6 months ago.

[–] DarkGamer@kbin.social 18 points 10 months ago* (last edited 10 months ago) (4 children)

Article says SSD manufacturers currently sell at a loss & intend to raise prices because they want to be profitable, 40% is break even, 50% is profitable

[–] Plopp@lemmy.world 35 points 10 months ago (1 children)

Selling at a loss? Lol yeah sure they are.

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[–] PlantDadManGuy@lemmy.world 34 points 10 months ago

Then the journalist who wrote the article is absolutely lying to us.

[–] afraid_of_zombies@lemmy.world 12 points 10 months ago

Maybe they should cut the executive class salaries. Bet there is plenty of money there.

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[–] jezebelley3d@lemmy.zip 144 points 10 months ago* (last edited 10 months ago)

Fake problems in order to get in on all this fake inflation bullshit. All these capitalist pigs raking people over the coals for record profits under the entirely fabricated "inflation" crisis. SSD manufacturers want to get theirs too.

This is the prep/hype phase where they spread fake news to get the consumers prepped for surgery. None of it is real.

[–] altima_neo@lemmy.zip 75 points 10 months ago (2 children)

Well that's not great... They're already pretty expensive as it is.

[–] _number8_@lemmy.world 54 points 10 months ago (9 children)

yeah i thought 4TB would be like $50 now. whatever happened to moore's law

[–] Lath@kbin.social 49 points 10 months ago (2 children)

Unregulated capitalism some would say, I say cheap production costs with little to no consequence whatsoever for them doing this kind of thing.

[–] fartsparkles@sh.itjust.works 29 points 10 months ago* (last edited 10 months ago)

Exactly, if forced scarcity was regulated, we’d be in an entirely different situation. For instance diamonds would be practically worthless.

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[–] TheGrandNagus@lemmy.world 10 points 10 months ago* (last edited 10 months ago) (6 children)

Moore's law has been dead for a long long time.

E: if you're downvoting this it's because you don't have a clue what you're talking about. Moore's law was the observation that transistor density would double every ~2 years. That's not happening and hasn't for a long time.

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[–] fuckwit_mcbumcrumble@lemmy.world 9 points 10 months ago (1 children)

SSDs are absurdly cheap at the moment. 2023s demand glut led to a huge over abundance of SSDs and dirt cheap prices.

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[–] Cyberflunk@lemmy.world 69 points 10 months ago

Greeedflation bullshit

[–] hark@lemmy.world 62 points 10 months ago (20 children)

These companies need to get smacked upside the head. Hard drives would be pretty much completely obsoleted if SSDs hit the prices that they should if we had proper competition instead of the "competition" to keep prices up that this memory cartel loves to keep up. My only hope is for another player to come in and dump cheap product onto the market like Japan did in the 80s.

[–] Thermal_shocked@lemmy.world 27 points 10 months ago (3 children)

Hdd wont be obsolete for awhile. They're the best media to store large libraries cost effectively. Until there are 10+TB SSDS with reasonable prices, many people with home storage systems won't upgrade. Not shelling out $10k for SSDS, sorry.

[–] MaxHardwood@lemmy.ca 14 points 10 months ago (1 children)

That's what they said though...

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[–] hips_and_nips@lemmy.world 9 points 10 months ago* (last edited 10 months ago)

While I love the thought, I’m not going to hold my breath on replacing my 880 TB of spinning platters with SSDs.

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[–] FunderPants@lemmy.ca 61 points 10 months ago (1 children)

Looks Iike a good year for deleting things.

[–] laverabe@lemmy.world 9 points 10 months ago

nothing like a little digital Swedish death cleaning to free up space

[–] Ghostalmedia@lemmy.world 42 points 10 months ago (6 children)

Maybe this will encourage devs not to make games over 100GB.

[–] Appoxo@lemmy.dbzer0.com 66 points 10 months ago

Hahahaha! Good joke mate :)

[–] b3an@lemmy.world 15 points 10 months ago* (last edited 10 months ago) (1 children)
[–] Sheltac@lemmy.world 10 points 10 months ago
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[–] n3m37h@lemmy.dbzer0.com 10 points 10 months ago

Glad I just bought a 4tb gen 3 drive for dirt cheap

[–] Smacks@lemmy.world 9 points 10 months ago

PC part prices are already extremely high, how in the hell can anyone build or buy anything with prices so high?

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