Insatiable demand for storage will drive future hard drive industry capital expenditures and technology investments.

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While uncertainty in the hard drive industry is expected to continue over the next few quarters, the third quarter ended on a positive note, with hard drive shipments reaching a new record high.

FORBES: Intevac Q3 Tops Estimates

Over the 56 years of the hard disk drive industry annual shipments of HDDs have increased year over year except for a few exceptions.

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