There are plenty of other players on the SSD marker. Crucial, WD, etc. I predict that their prediction will be wrong
themurphy@lemmy.world 8 months ago
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.
akrot@lemmy.world 8 months ago
the_post_of_tom_joad@sh.itjust.works 8 months ago
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”
JimmyMcGill@lemmy.world 8 months ago
Rinse and repeat
DontRedditMyLemmy@lemmy.world 8 months ago
Are you from the future?!
ridethisbike@lemmy.world 8 months ago
Even better… He’s from the past.
BrianTheeBiscuiteer@lemmy.world 8 months ago
If Samsung publicly announces cutting back production and the rest do the same I don’t think it’s considered collusion.
Kiwi@lemmy.world 8 months ago
I think it’s only collusion if they all talk about doing it. Reading that your competitor raised prices and then raising your own isn’t the same as using back channels with your competitor in order to agree to both raise prices
afraid_of_zombies@lemmy.world 8 months ago
It is okay to respond but not okay to plan.
afraid_of_zombies@lemmy.world 8 months ago
Yeah but they probably have all the same suppliers and even if one keeps their prices low for now eventually someone there is going to wonder why they are doing the same work as everyone else but getting paid less for it.
This is why you need a healthy market. You need lots of competitions selling a lot of different products. Not 4 companies all seeing the same crap.
Lojcs@lemm.ee 8 months ago
From today’s prices, an increase of 40% will reportedly get these companies back to breaking even, and a rise of 50% will mean profits instead of the losses that threatened bankruptcies earlier this year.
fuckwit_mcbumcrumble@lemmy.world 8 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.