Hard disk price hike

I am interested to buy Seagate Expansion 3.5" external HDD but shocked to hear its current price.Its price about 3 months earlier was between Rs.3900-4000 but now its increased upto Rs. 5500 in Indian Market as well as increased price in International Market.Not only external HDD but price of internal HDD also went high. Reason???

HDD manufacturing giants like Seagate and Western Digital were forced to shutdown their manufacturing units in Thailand due to flood. Remember Thailand produes around 70% of World's total production of HDD and since Thalind was recently afftected by flood so HDD market also got affected :(.

So, people who are interested to buy HDD, pleaae wait for couple of months and hope Seagate and WD will start their bossiness normally in Thailand and we,customers,will happy to see price decrease in HDD.I am also waiting.... :)