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KIEV, UKRAINE - 2018/12/18: In this photo illustration, the Western Digital Computer company logo ... [+] seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Western Digital (NASDAQ: WDC) has seen a steady growth in number of hard disk exabytes sold over the past 5 years, rising from 249 EB in 2015 to 383 EB in 2019, a growth of over 50%. (1 exabyte = 1 million terabytes)

Over the same period, Western Digitals hard disk drive revenue has dropped from $13.65 billion to $8.75 billion, a drop of over 35%.

You can view our interactive dashboard- A Look At The Trend In Western Digitals Exabytes Shipped And How It Has Affected Revenues to find out more about what drove the inverse correlation between exabytes shipped and revenues.

Why did this happen?

wdc

What does this mean?

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Original post:
Why Has Western Digitals Hard Drive Revenue Dropped 35% Over The Past 5 Years, Despite 50% Growth In Exabytes Shipped? - Forbes