World's largest HDD Company Wants to Launch Massive 60TB SSD in 2024
techradar.com, Monday, May 6th, 2024
AI demand is driving the need for larger SSDs, Western Digital says
During Western Digital's recent Q3 earnings call, CEO David Goeckeler disclosed that the ever-growing need for higher capacity and speedier data access from customers across the world is pushing the company to expand its solid-state capacities.
The company chalked up a profitable quarter, with revenues soaring over forecast to $3.46 billion, a 29% YoY rise. The company managed to turn around a streak of losses, reporting a $135 million profit. These achievements are in stark contrast to rival Seagate, which posted an 11% YoY reduction in its revenues to $1.66 billion.