With a few days apart, Seagate and Western Digital, the two major hard disk manufacturers, released their financial results for the second quarter of fiscal year 2018. As we have seen, there is no only on the agenda of publication of their accounts that the two adversaries follow each other very closely. The traditional waltz of the publications of quarterly results started a week ago and the presentations intended for the investors or the analysts are linked to a frantic pace. In recent days, Seagate and Western Digital, the two ogres who share more than 80 percent of the hard drive market, have both released their financial results for the second quarter of their 2018 fiscal year.
In addition to having very close market shares (of the order of 40%, leaving the remaining crumbs to Toshiba), the two companies are facing the same problems and are trying to diversify in the same way to reduce their dependence to a hard drive market in contraction for several years. That's why, in addition to reviewing the results of the last three months of Seagate and Western Digital, we have chosen today to establish an inventory of the market for hard drives, through the financial history of these two companies.
Seagate plays the maintenance