--- description: A day after Western Digital reported their quarter, Seagate (NASDAQ:STX) reported results from the quarter that ended in September. The Seagate quarter is... title: Seagate Q1 2012 Results image: https://www.storagereview.com/wp-content/uploads/2011/10/seagate-logo.gif --- [![Storage Review]()](https://storagereview.com/) --- [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [Facebook](https://www.facebook.com/@storagereview) [X (Twitter)](https://twitter.com/storagereview) [Instagram](https://www.instagram.com/storagereview/) [LinkedIn](https://www.linkedin.com/company/storagereview-com) [YouTube](https://www.youtube.com/user/storagereview?sub_confirmation=1) [Email](mailto:info@storagereview.com) [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0) [Reddit](https://www.reddit.com/r/StorageReview/) [Discord](https://discord.gg/TwMHb4azdC) [RSS Feed](https://www.storagereview.com/rss.xml) [TikTok](https://www.tiktok.com/@storagereview) [![StorageReview.com]()](https://www.storagereview.com) ≡ Menu - [Home](https://www.storagereview.com/) - [Storage Reviews](https://www.storagereview.com/review) - [End User Reviews](https://www.storagereview.com/consumer) - [Enterprise Reviews](https://www.storagereview.com/enterprise) - [Ubiquiti Reviews](https://www.storagereview.com/best/ubiquiti-reviews) - [SR Merch](https://store.storagereview.com) - [Leaderboards](https://www.storagereview.com/best) - [Best Storage Arrays](https://www.storagereview.com/best/storage-arrays) - [Best Enterprise SSDs](https://www.storagereview.com/best/enterprise-ssds) - [Best Servers](https://www.storagereview.com/best/servers) - [Best Enterprise GPUs](https://www.storagereview.com/best/enterprise-gpus) - [Best Desktops for Local AI](https://www.storagereview.com/best/desktops-local-ai) - [Best Laptops for Local AI](https://www.storagereview.com/best/laptops-local-ai) - [Best Local LLM Tools](https://www.storagereview.com/best/local-llm-tools) - [Agentic AI Hardware](https://www.storagereview.com/best/agentic-ai-hardware) - [Best SSDs & Hard Drives](https://www.storagereview.com/best_drives) - [Best Portable SSDs](https://www.storagereview.com/best/portable-ssds) - [Best Business Laptops](https://www.storagereview.com/best/business-laptops) - [Best Mobile Workstations](https://www.storagereview.com/best/mobile-workstations) - [Best Desktop Workstations](https://www.storagereview.com/best/desktop-workstations) - [Best Mini PCs](https://www.storagereview.com/best/mini-pcs) - [Best Laptop Battery Life](https://www.storagereview.com/best/laptop-battery-life) - [Storage Reference Guide](https://www.storagereview.com/storage-reference-guide) - [About SR](https://www.storagereview.com/about-storagereview) - [StorageReview.com Sweepstakes Rules and Regulations](https://www.storagereview.com/storagereview-com-sweepstakes-rules-and-regulations) Search [Home](https://www.storagereview.com/) » [News](https://www.storagereview.com/news) » Seagate Q1 2012 Results # Seagate Q1 2012 Results by Brian Beeler on October 21, 2011 [Enterprise](https://www.storagereview.com/enterprise) A day after [Western Digital reported their quarter](https://www.storagereview.com/western_digital_q1_2012_results), Seagate (NASDAQ:STX) reported results from the quarter that ended in September. The Seagate quarter is highlighted by shipments of 50.7 million units, the near-completion of the Samsung HDD acquisition, 1TB platters finally in production and commentary on the impact of Thailand’s severe flooding.  Seagate lost three points of market share in the quarter. CEO Steve Luczo highlights three reasons for the loss; price undercutting by competitors while Seagate was trying to increase pricing to offset rare earth metal cost increases, Seagate raised notebook hard drive prices in anticipation of demand, which wasn’t well received and lastly, Seagate lost share in Asia due to pricing, some of which was offset by gains in the US.  Seagate sees a total addressable market for the December quarter of 180 million units (higher than WD’s forecast of 170 million) and expects to more than regain their market share loss from the September quarter, largely due to the fact that Western Digital may only be able to product half of the drives they need to. Seagate is expecting to ship 40-50 million units in the December quarter, with full recovery of production in the middle of next year.  **1TB Platters** The 1TB platters destined for 3.5" desktop hard drives lagged in development and are just now starting volume production, [many months later than announced](https://www.storagereview.com/seagate_first_announce_1tb_hard_drive_platters) publicly. Seagate is expecting to ship millions of drives with the new 1TB platters in the current quarter though, a good sign for consumer and enterprise users who are looking for higher density storage solutions.  **Samsung Acquisition** The European Commission has approved Seagate’s proposed purchase of Samsung’s hard drive assets. Seagate continues to work with other governing bodies but isn’t expecting any trouble, the transaction should close before the end of the calendar year. Integration of Samsung’s HDD business is expected to start in the first quarter of 2012 with complete integration complete by the end of that year. Seagate is enthusiastic about Samsung’s 500GB platters used in notebook drives. "We believe this is the industry’s leading notebook platform, shipping approximately 4 million units in the September quarter." **Thailand Flooding** Seagate has far less exposure to Thailand than Western Digital, but they’re still affected to a degree, certain suppliers are shut down or limited and some components are more difficult to obtain. That said, all of Seagate’s Thailand facilities are operational and are running at full production. [Discuss This Story](http://forums.storagereview.com/index.php/topic/30474-seagate-q1-2012-results-discussion/) **Engage with StorageReview** [Newsletter](https://www.storagereview.com/storage_newsletter) |  [YouTube](https://www.youtube.com/user/StorageReview "Opens in a new window") | Podcast  [iTunes](https://podcasts.apple.com/gb/podcast/storagereview-com-storage-reviews/id1060681115 "Opens in a new window")/ [Spotify](https://open.spotify.com/show/1y6VnznABhHeOSMOmbDTz0 "Opens in a new window") |  [Instagram](https://www.instagram.com/storagereview/ "Opens in a new window") |  [Twitter](https://twitter.com/storagereview "Opens in a new window") |  [TikTok](https://www.tiktok.com/@storagereview? "Opens in a new window") |  [RSS Feed](https://www.storagereview.com/rss.xml) ![]() ### Brian Beeler Brian is located in Cincinnati, Ohio and is the chief analyst and President of StorageReview.com. 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