Storage solutions provider
Western Digital Corp.
) recently announced the launch of portable My Passport Pro
dual-drive. The new Thunderbolt-powered dual drive storage
solution can be used with portable devices such as smartphones,
) MacBook and USB drives. This storage device is expected to
enhance overall drive capacity, reliability and performance.
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My Passport Pro enables quick access to files and is more power
efficient resulting in longer battery life. It also enables users
to manage huge volumes of digital data, which in turn helps them
to store, organize and secure photos, videos, music and important
Additionally, My Passport Pro includes RAID (redundant array of
inexpensive disks) solutions that enable data storage using
multiple drives and various data replication strategies to
minimize the impact of the failure of any one drive. The launch
of My Passport Pro will help Western Digital to meet growing
business needs with improved flexibility and security.
My Passport Pro is available in 2 TB and 4 TB capacities, thus
providing adequate storage. It is an exceptionally fast and
cost-effective addition to the Western Digital dual drive
portfolio. It offers up to 233MB/sec sequential read and write
Priced at $299.99 for 2 TB and $429.99 for 4 TB, My Passport Pro
will be available at Apple and consumer electronics retailers.
With such launches, we expect Western Digital to strengthen its
market position against the likes of
) and Fusion-io.
According to a recent survey by Gartner, the average household
will require about 3.3 TB of storage by 2016. The growing demand
requires a new storage standard and easy accessibility. We
believe that Western Digital's new portable dual drive product
will benefit from pent up demand in the storage market.
Of late, Western Digital has been expanding its presence in SSD
storage due to sluggish demand in the PC market (which primarily
relies on HDD). SSDs are now being used in servers due to the
reduction in latency, which in turn helps in faster response to
real-time applications. Therefore, focusing on SSDs for the
enterprise segment looks like a smart move in the current
Currently, Western Digital has a Zacks Rank #3 (Hold). A better
ranked stock in the technology sector is
Lexmark International Inc.
), which carries a Zacks Rank #1 (Strong Buy).