As of December 30, Seagate's gross margin in the second quarter was 31.6%, compared with 19.5% in the same period of last year, and hard disk shipments were 47 million. In contrast, Western Digitalâ€™s hard disk shipments during the quarter were 28.5 million.
Seagate expects that there will be a supply gap of 150 million in the HDD market in 2012, and the situation of oversupply of products will further stimulate corporate profits.
Affected by this news, Seagateâ€™s share price rose 6% in after-hours trading to close at 21.14.
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