Hard drive price war on the horizon?

According to reports, we may witness a price war in the hard drive business industry. At least this is what Seagate Technology CEO Bill Watkins said on Wednesday. Seagate is currently the world’s largest hard drive manufacturer and competes with such companies as Western Digital, Hitachi, Samsung and Toshiba. According to Watkins “If pricing doesn’t drop for us, it’ll be an upside.” Seagate is expecting stiff price cutting from its competitors through into 2007.

It’s hard to imagine large drops, because HDD’s are cheap to begin with. Either way, any price drops are welcomed… especially if you are looking for a large capacity.