Here’s What’s Expected to Drive Seagate’s Long-Term Revenue

As we’ve already seen, Seagate Technology (STX) shipped 35.1 exabytes (or EB) for Nearline with an average capacity of 5.9 terabytes per drive in fiscal 2Q18. Seagate also achieved volume and revenue growth QoQ (quarter-over-quarter) in its 12-terabyte Nearline product vertical since Seagate continues to ramp up for material revenue contribution in fiscal 3Q18. While Seagate is banking on Nearline storage to drive revenue, Western Digital (WDC) has been able to lead the capacity enterprise market, driven by its helium-based products. WDC’s HGST (Hitachi Global Storage Technologies) brand was the first to launch a helium hard drive resulting in a significantly lower cost of ownership.