The disk drive market could shrink in the fourth quarter by as much as 10 percent due to the weak sales of personal computers, said market monitor iSuppli.

Next year's disk drive market could rise only 4.3%
The research firm said it lowered its outlook for the market amid what it sees as rapidly changing demand for electronic components. Disk-drive shipments could be flat with shipments of 158 million units in the third quarter.
Or they could tumble to 149 million units, off 10 percent. The firm had predicted in September that drive sales could climb 5 percent.
ISuppli also cut its outlook for next year saying the market uncertainty is even greater for the period. Shipments could grow between 6.8 percent and 4.3 percent, a significant weakening from the 14 or so percent growth expected for all of 2008.
[...] the hard disk drive glut, Seagate plans to announce a major restructuring early next year. “We have to readjust our [...]