Western Digital Statistics By Market Performance, Segmentation, Demographics And Financial Statements

Introduction

Western Digital Statistics: Western Digital (WD) is a big name in the world of data storage. They’ve been around for over 50 years, designing and selling all sorts of things to keep your precious files safe. Founded in 1970 and headquartered in San Jose, California, Western Digital has established itself as a key player in the market, offering a wide range of storage devices, including hard disk drives (HDDs), solid-state drives (SSDs), and flash storage solutions.

This article will guide you accordingly as it covers all current trends and analyses of the global market from different insights between 2023 and 2024. Let’s dive into some interesting statistics about this tech titan.

Editors Choice

• Western Digital Statistics: in the first quarter of 2024, the total earned revenue by Western Digital was USD 2.75 billion, which increased by 3% from QoQ.
• GAAP earnings per share (EPS) were USD 2.17, while non-GAAP EPS was USD 1.76. These figures include USD 225 million in underutilization-related charges in Flash and HDD.
• For the second quarter of 2024, Western Digital expects revenue to be between USD 2.85 billion and USD 3.05 billion.
• The Non-GAAP EPS is anticipated to range from USD 1.35 to 1.05, with USD 110 to USD 130 million of underutilization-related charges in Flash and HDD.
• The North American region remained the largest market, contributing 40% of the total revenue, resulting in USD 1.23 billion in Q1 2024.
• Western Digital Statistics also show that in March 2024, Western Digital launched new high-capacity hard disk drives (HDDs) with storage capacities of up to 20TB.
• Western Digital has used NAND technology to increase storage density by 25%, enabling the production of SSDs with higher capacities at a lower cost.
• The company reported a 12% reduction in GHG emissions, and this progress aligns with Western Digital’s target of a 30% reduction by 2030.
• To date, Western Digital has employed around 53,000 people globally.
• Westerndigital.com had 3.9 million total website visits in May 2024, a reduction of only 2.7% from last month. The website had a 38.86% bounce rate.
• As of Western Digital Statistics, the total traffic share from desktop and mobile on westerndigital.com is 53.57% and 46.43% visits, respectively.

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By Market Performance And Segmentation

• Client Devices: This segment includes HDDs and SSDs for personal computers and mobile devices. It contributed USD 1.38 billion in Q1 2024, representing 45% of the total revenue. The steady demand for personal storage solutions is a key driver in this segment.
• Data Center Devices and Solutions: The company mainly focuses on enterprise customers and provides storage solutions for data centers. In the same period, it generated USD 1.08 billion in revenue, accounting for 35% of the total.
• Client Solutions: This includes retail products such as external hard drives and USB flash drives, which contributed USD 610 million, or 20% of the total revenue, by the end of the first quarter of 2024.

By Regional Performance

• Western Digital Statistics further states that the North American region remained the largest market, contributing 40% of the total revenue, resulting in USD 1.23 billion in Q1 2024.
• The robust technology sector and high demand for reliable data storage solutions drive this region’s performance.
• In the same duration, the Asia-Pacific region accounted for 30% of the revenue, approximately USD 921 million.
• The rapid expansion of data centers and technological advancements in countries like China and India have significantly driven demand.
• Europe, the Middle East, and Africa (EMEA) contributed 20% of the total revenue, which was approximately USD 614 million.
• The growth of the digital economy and increased adoption of cloud services support this region’s performance.
• By March 2024, Latin America had a 10% share of revenue, around $307 million.
• The region is expanding its digital infrastructure, bolstering the data storage market.

By Product Innovation And Development

• Based on Western Digital Statistics, in March 2024, Western Digital launched new high-capacity hard disk drives (HDDs) with storage capacities up to 20TB.
• In Q1 2024, the high-capacity HDDs generated 35% of the total revenue share, which equates to around USD 1.08 billion.
• The new NVMe SSDs have shown up to a 40% improvement in read and write speeds compared to the previous generation.
• Western Digital Statistics also states that by the second half of 2024, Zoned storage solutions will introduced through initial pilot programs that show promising results in improving data management efficiency by up to 30%.
• Energy-Assisted Magnetic Recording (EAMR) technology-based HDDs will be launched in Q3 of 2024. These HDDs will offer up to 15% better storage density compared to traditional HDDs.
• Consumer electronics storage solutions have seen a growing adoption rate. The segment accounted for 20% of the total revenue share, accounting for USD 610 million in Q1 2024.

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Western Digital Statistics Of Employees Demographics

By Gender

(Reference: westerndigital.com)

By Race

(Reference: westerndigital.com)

By Age

(Reference: westerndigital.com)

Financial Statements Of Western Digital Statistics

By Income Statement

(Source: in.investing.com)

• As per Western Digital Statistics, the total earnings for the third quarter and nine months ended March 29, 2024, accounted for a total revenue of USD 3,457 million.
• Followed by gross profit (USD 1,000 million), operating income (USD 303 million), and net income (USD 135 million).

Other quarterly earnings for 2023 are detailed below:

By Balance Sheet, March 2024

(Source: wsj.com)

By Cash Flow, Q1 2024

(Source: wsj.com)

By Valuation Measures

(Source: finance.yahoo.com)

By Stock Price Performance

(Source: forbes.com)

• As of June 29, 2024, Western Digital’s stock price was USD 75.77.

Other monthly stock prices for 2024 are detailed in the table:

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Website Traffic Statistics of  Western Digital By Country

(Source: similarweb.com)

• As explained in Western Digital Statistics, the United States of America had 24.31% of total traffic on the website, up by 7.72%.
• In the same duration, other countries recorded the following contribution in total traffic: Germany = 7.88% (+5.6%), the United Kingdom = 5.66% (-14.85%), Japan = 4.52% (+23.84%), and France = 4.1% (-2.26%).
• Other countries collectively secured around 53.54% of visitor share on westerndigital.com.

By Device

(Reference: semrush.com)

• The United States of America has 1.34 million users, with a user share of 26.95%. Around 47.35% of these come via desktop, and 52.65% on mobile devices.
• Website users make up around 6.89% of the user base in India, resulting in 341.82K, with 33.54% access to the desktop version and 66.46% access to mobile devices.
• In Germany, the Western Digital website had 321.77K users and 6.49% website traffic, with desktop and mobile users being 58.31% and 41.69%, respectively.
• The United Kingdom and Japan each have around 274.51K and 266.08K users, and their website traffic is around 5.54% and 5.37%.
• Besides, 62.26% of desktop and 37.74% of mobile users in the United Kingdom accessed westerndigital.com.
• In Japan, 58.7% of users access the website via desktops and 41.3% by mobile devices.

By Demographics

(Reference: similarweb.com)

• In May 2024, male and female users of westerndigital.com were 70.26% and 29.74%, respectively.
• Western Digital Statistics by age group shows that the highest number of website users observed is between 25 and 34 years old, which is 29.36%.
• 21.38% of Western Digital website users are aged 35 to 44 years.
• In contrast, 17.24% and 17.08% belong to individuals aged 45 to 54 and 18 to 24, respectively.
• Around 9.14% of website users are aged from 55 to 64 years.
• Nearly 5.82% of user shares of westerndigital.com contributed from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• Western Digital Statistics 2024 also elaborates that organic search generated the highest traffic rate to westerndigital.com, 49.83%.
• Almost 28.57% of the share is generated by direct traffic searches, while 8.79% is from referral searches.
• Furthermore, the website’s other traffic sources are paid searches (6.48%), social media (2.69%), mail (1.24%), and display (2.4%).

By Social Media Referral Statistics

(Reference: similarweb.com)

• Western Digital Statistics also shows that YouTube had the highest social media referral rate, with a 40.28% share compared to other social network traffic.
• Facebook and Reddit each contributed a share of 30.03% and 19.46% on westerndigital.com.
• Meanwhile, traffic sent by Instagram is 3.29%, and Twitter contributed 2.27%.
• Lastly, other social media networking channels togetherly amounted to 4.68% of traffic.

Sustainability Initiatives of Western Digital, Q1 2024

Energy Efficiency Improvements

• The latest HDDs and SSDs are designed to be 20% more energy-efficient products.
• Manufacturing facilities have implemented new energy-saving technologies, which have reduced energy use by 10% and operational energy consumption by 15% by year-end.

Carbon Footprint Reduction.

• The company reported a 12% reduction in GHG emissions, and this progress aligns with Western Digital’s target of a 30% reduction by 2030.
• A significant portion of Western Digital’s energy now comes from renewable sources, with 25% of its total energy consumption derived from renewables. The company aims to transition to 100% renewable energy by 2040.

E-waste management and recycling

• Western Digital Statistics 2024, Western Digital has recycled over 3,000 metric tons of e-waste to date, a 15% increase from the previous quarter.
• Participation in the take-back programs for old devices rose by 20%, resulting in the recycling of over 500,000 devices.

Sustainable Product Design

• The NVMe SSDs of Western Digital incorporate 30% recycled materials.
• Lifecycle assessments (LCAs) conducted for new products helped reduce their carbon footprint by 10%.

Water Conservation Efforts

• Implementing water-saving technologies in manufacturing processes led to a 5% reduction in water usage.
• On the other hand, by 2025, the company aims for a 20% reduction.
• Water recycling within its operations has increased by 50%, which helps conserve fresh water and reduce overall consumption.

Social Responsibility and Community Engagement

• In contrast to Western Digital Statistics, Community Investments invested around USD 5 million in education, healthcare, and disaster relief, benefiting over 100,000 individuals globally.
• Employees contributed 20,000 volunteer hours to various community projects, supporting the company’s social responsibility goals.

Conclusion

In 2024, Western Digital will continue to play a pivotal role in the data storage industry, driven by its innovative product offerings and strong market presence. The company’s performance across various segments and regions highlights its adaptability and resilience in a dynamic market environment. With a focus on technological advancements and sustainability, Western Digital is well-positioned to meet the growing demand for data storage solutions.