HomeFinanceTech hardware was already struggling, but 'market conditions have deteriorated' even more

Tech hardware was already struggling, but ‘market conditions have deteriorated’ even more

Tech hardware has been struggling with oversupply and crumbling demand for almost a year, but early first-quarter earnings reports suggest that “market conditions have deteriorated” even more in recent weeks.

Seagate Technology Holdings PLC STXshares were on track for their worst week in more than six months Friday after the data-storage device company reported a surprise loss for the latest quarter Thursday and forecast revenue that was below Wall Street expectations at the time. Shares dropped 9.2% Thursday to close at…

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