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"The bigger problem facing HDDs now is that almost all major manufactures are bought up by WD and Seagate and this is starting to show the ill effects of a duopoly. So it remains in their best interest to keep the prices high [2]."

It's not in the HDD manufacturers best interest to keep prices inflated, considering price is one of the 2 big competitive edge HDDs have over SSDs.

What happened during the floods was that WD[0] got lucky - data consumption remained high as ever, and SSDs simply weren't cheap enough at that point to fill the void that the floods left behind.

[0] And to a greater extent, Seagate. From what I remembered their facilities weren't directly affected by the flood, but their supply chains were disrupted.



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