08 Feb

Why Flash Drive Prices Change.

Here is a blog post I wrote in 2010 to explain the reasons behind the change in flash drive prices. Currently it is Feb 2017. The same still applies

We are seeing some price increases which are tied into the recent end of Chinese New Years. Read this it will help explain.  (or if you want a laugh and have 5 minutes for You Tube watch the scene from TRADING PLACES with Eddie Murphy, Dan Ackroyd and Jamie Lee Curtis. Watch Here

Each day I am asked to explain “Why do flash drives change price each day?” I am a supplier to the promotional products industry and the vast majority of products have a set price that rarely ever changes. In fact it was the norm in the ad specialty industry not too long ago, that you had to set prices in January for the year ahead and could not change them until the next January.

Then along came USB flash drives which quickly became a top 10 promotional product. Before we talk about the reasons for the price changes lets first make sure we are clear what is changing price. The actual memory chips change prices, which in turn change the flash drive.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

Along with these little “miracles of memory” came the new reality that flash drive prices fluctuate daily. Why?

True supply and demand economics at work.

Part of the reason flash drive price change daily is the truest sense of supply and demand economics. There are only a dozen or so major flash chip factories in the world, each costing billions of investment to build a plant. All of these plants are operating at capacity and cannot keep up to demand.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

If you consider it for a moment flash memory is not just in the millions of flash drives sold each month but is in your TV, computer, Smartphone, car stereo, toaster and just about every other electronic device. There are nearly unlimited uses for flash chip memory.

They are traded as a commodity on the Hang Sang and other Asian stock markets.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

If you’re old enough to remember the Eddie Murphy, Dan Ackroyd movie “Trading Places”, you will remember the final climatic screen where the recently corporately disowned Ackroyd and Murphy plotted and planned and finally took their former brokerage house down by manipulating the price of Orange Juice futures based upon an upcoming crop report from the Government.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

In its simplest form that’s what goes on with any “Futures Commodity” which flash chips are. Also traded as a future are Pork Bellies, Wheat, Fertilizer and about 1000 other essential commodities. Brokers, investors and market demands and influences like Apple, Dell and others manipulate the anticipated future price of the flash chip resulting in a daily price change.

Chip Brokers cash in on major events.

The final major reason why flash drives fluctuate in price is the system of Chip Brokers. Basically the manufacturers’ of flash chips such as Samsung, rarely if ever actually sell the chips directly to the end user. For instance if Apple buys a million 4 GB chips and the want Samsung Chips, the don’t buy them from Samsung but from an authorized Samsung Broker.

This independent broker may carry only Samsung but is just as likely to sell Hynix and other chips brands.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

The Chip Broker is like a hyper-sensitive reptile with one ear to the market and the other on the world events. If they sense a shift in politics that may interrupt business or a natural disaster just taking place they can drive the price of chips up (or down) within hours.

In early 2011 the Tsunami that wiped out much of Japan caused flash chip prices to double over the next 4 days. The cited reason, a Toshiba factory in Japan that makes chips was safe but was put on limited production due to rolling blackouts experienced by decreased electrical supply to the Asian nation. This alone caused the speculation and price jump.

The world's best custom shaped promotional product flash drives. We turn your logo, idea or product into a custom designed USB memory drive or USB flash . Perfect for tradeshows and business marketing.drive

The world’s best custom shaped promotional product flash drives. We turn your logo, idea or product into a custom designed USB memory drive or USB flash . Perfect for tradeshows and business marketing.drive

It is rumored that most chip brokers made as much as 1 million USD each during these 4 days simply by holding back the inventory they had in the pipeline, driving up the price by choking off supply, over and above any changes felt by the single Toshiba plants diminished production schedule.

The final word.

In short the price of flash drives and flash chips will continue to change daily and will continue to cause promotional products distributors and their clients to continue to pull their hair out from time to time. Next time you need to explain this to your co-workers or customers remember this article written by John Graham . Reach him at www.promocrunch.com  or, simply rent the movie “Trading Places”.

 

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why do flash drive and nand memory prices change

why do flash drive and nand memory prices change

16 Dec

Sunglasses shaped custom USB flash drive

glasses shaped into custom flash drive

glasses shaped into custom flash drive

Sunglasses shaped custom USB flash drive from Promo Crunch. Perfect for Maui Jim, Von Zipper, Ray Ban and more.

Promo Crunch is the USA based expert at creating custom designed, shaped and molded promotional products. 

We can turn your logo, product or idea into a custom shaped flash drive, power bank, data cable or other cool idea.

Simply contact us at mailto:john@promocrunch.com or call 1-888-908-1481 

26 Oct

New Promotional Products

As a professional marketer one of your many concerns is to be on top of new trends on marketing and promoting your product or brand. Promo Crunch is a leader in custom promotions.

Our specialties:

Custom Shaped Flash Drives. 

custom PVC molded flash drives and USB Memory sticks for marketing and advertising

custom PVC molded flash drives and USB Memory sticks for marketing and advertising

Custom Shaped Power Banks

custom portable battery charger power banks for smart phones, cell phones and tablets

create a custom power bank battery charger for your portable promotional campaign.

Custom Bluetooth Speakers

promotional add your logo to Promotional amazing audio bluetooth speakers and custom logo

amazing audio bluetooth speakers and custom logo audio

Custom Data Transfer Cables

custom molded data transfer cables

New for 2017. Custom molded data transfer cables. Power up your logo.

 

07 Oct

Put the Eye-Catching Back In Your Promo

funny promotional products

funny promotional products

I have to ask? When did we get so safe, so boring with our promotions?

Is it not our job to get the advertiser and client to make a statement, to catch someones eye?

If so, then isn’t it our job to make sure we give them something memorable? Something that gets their message to “stick”!

If this is true then you should consider getting Promo Crunch to show you what can be done with your logo or product to turn it into a Custom Flash Drive, Custom Power Bank or Custom Bluetooth Speaker.

Check out just a few ideas below and then email us or call 1-888-908-1481