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[-] themurphy@lemmy.world 341 points 2 years 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.

[-] Retiring@lemmy.ml 116 points 2 years ago

That’s capitalism for you 😉

[-] themurphy@lemmy.world 36 points 2 years ago
[-] WhatAmLemmy@lemmy.world 72 points 2 years ago* (last edited 2 years 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 39 points 2 years ago

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

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[-] Aceticon@lemmy.world 9 points 2 years ago* (last edited 2 years 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 51 points 2 years 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.

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[-] A_Random_Idiot@lemmy.world 232 points 2 years ago

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

Capitalism 101.

[-] roofuskit@lemmy.world 42 points 2 years ago

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 22 points 2 years ago

It’s like there is a SSD OPEC.

[-] roofuskit@lemmy.world 9 points 2 years ago* (last edited 2 years 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 13 points 2 years ago

Yep pure market manipulation

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[-] doublejay1999@lemmy.world 146 points 2 years ago

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

[-] Annoyed_Crabby@monyet.cc 132 points 2 years ago

Market Manipulation Lvl 1: Hyping

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[-] MisterD@lemmy.ca 48 points 2 years ago

Setting expectations..

[-] afraid_of_zombies@lemmy.world 26 points 2 years 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 20 points 2 years ago* (last edited 2 years ago)

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

[-] PlantDadManGuy@lemmy.world 35 points 2 years ago

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

[-] Plopp@lemmy.world 35 points 2 years ago

Selling at a loss? Lol yeah sure they are.

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[-] afraid_of_zombies@lemmy.world 12 points 2 years ago

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

[-] altima_neo@lemmy.zip 74 points 2 years ago

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

[-] _number8_@lemmy.world 56 points 2 years ago

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

[-] Lath@kbin.social 55 points 2 years ago

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 2 years ago* (last edited 2 years 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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[-] bassomitron@lemmy.world 7 points 2 years ago* (last edited 2 years ago)

I thought Moore's law was only for CPUs/chip density?

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[-] fuckwit_mcbumcrumble@lemmy.world 11 points 2 years ago

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 67 points 2 years ago

Greeedflation bullshit

[-] hark@lemmy.world 64 points 2 years ago

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 30 points 2 years ago

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 16 points 2 years ago

That's what they said though...

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[-] hips_and_nips@lemmy.world 9 points 2 years ago* (last edited 2 years ago)

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

[-] tetris11@lemmy.ml 8 points 2 years ago

A 3D printing revolution is what we need. Something that can print a very basic storage device. It doesn't have to be good, just needs to be free shitty alternative to these price gougers.

[-] scarilog@lemmy.world 20 points 2 years ago

I'd suggest you do some research on 3d printing, you seem sorely misinformed about it's capabilities

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[-] hark@lemmy.world 17 points 2 years ago

Unfortunately it's not possible to 3D print memory and the memory densities required makes it impossible for anyone other than those on expensive cutting edge hardware to achieve cheaply.

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[-] voracitude@lemmy.world 16 points 2 years ago* (last edited 2 years ago)

An admirably optimistic goal! What you're talking about here is a post-scarcity society like Star Trek, though. And even with machines to turn energy and goo into anything, they couldn't replicate complex machinery like a tricorder - only the individual parts, sometimes.

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[-] FunderPants@lemmy.ca 60 points 2 years ago

Looks Iike a good year for deleting things.

[-] laverabe@lemmy.world 9 points 2 years ago

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

[-] Ghostalmedia@lemmy.world 45 points 2 years ago

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

[-] Appoxo@lemmy.dbzer0.com 67 points 2 years ago

Hahahaha! Good joke mate :)

[-] b3an@lemmy.world 14 points 2 years ago* (last edited 2 years ago)
[-] Sheltac@lemmy.world 10 points 2 years ago
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[-] Alpha71@lemmy.world 10 points 2 years ago

Well, guess I'm buying that new NVME in January after all...

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[-] n3m37h@lemmy.dbzer0.com 10 points 2 years ago

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

[-] Smacks@lemmy.world 9 points 2 years ago

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

[-] yamanii@lemmy.world 8 points 2 years ago

I wonder if it's gonna be a fire or a flood this year. They always make stuff up to raise it.

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this post was submitted on 01 Jan 2024
356 points (100.0% liked)

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