Will Western Digital’s Dream Reach Its Zenith?

In the last one year there has been a considerable appreciation in the price of the shares of Western Digital (WDC). The price has doubled in a year on account of consistent profits and improved gross margin. Western Digital has been riding on the sale of hard drives that has been picking up in the past decade. Unfortunately, the storage industry is seeing a massive change of late and this could very well depreciate the profitability of the company. This becomes quite an intricate situation for investors interested in the share, as the performance of the company has been extraordinary in the past year but a serious threat from the flash storage industry has the potential to reverse the upswing in the following months. Continue Reading..