"Thai flood dampens electronics production"
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CNET News Video
CNET News Video
Thai flood dampens electronics production
-Thailand's flood waters continue to ravage cities, neighborhoods, temples, and now factories.
-Half the hard drives that we used in our computers and in the cloud are made in Thailand and those factories are flooded.
-Companies like Apple, Google, Facebook, and Amazon all rely in cloud storage for users data like photos and videos.
-So, if you wanna backup your computer to a server somewhere, that data has to go on to a hard drive.
We need a lot of hard drives
that price up.
The price of storage goes up and economics of the internet could be affected.
-Consumer electronics like personal computers and digital cameras are also in troubled due to the floodwaters.
-Some analysts recommend waiting until the second half 2012 to buy a new computer or hard drive or it's simple economics, be prepared to pay a higher price due to the shortage in supply.
-If it came down to actually there are being a limited supply of electronics, I probably would stock up.
-With Christmas budget on track over the next 6 weeks, people are gonna take a look at what prices are gonna be
adjust their budgets accordingly.
-I would probably buy it sooner than later.
-Other Asian countries had started picking up the slack, but many are already at capacity after compensating for Japan's earthquake and tsunami, which caused disruption earlier this year and maybe many months before some tech companies get back to business.
In San Francisco, I'm Kara Tsuboi CNET.com for CBS news.
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