Along with a significant decrease in RAM prices over the past few months flash chips and drives based on them have also become cheaper.

While NAND suppliers continue to wind down production, there is still an oversupply of flash memory chips as demand for products such as servers, smartphones and laptops is still too weak.

NAND price Q2 2023, SSD price

Analyst firm TrendForce forecasts that the average price of NAND will continue to decline in the second quarter of 2023, although this decline may be reduced to 5~10%. The market balance of supply and demand depends on whether NAND suppliers can further reduce production.

As for consumer SSD models, PC OEMs have so far managed to liquidate most of their component inventories and are now gearing up for mid-year sales. Vendors are cutting prices to free up their inventory of PCI-E 3.0 solid-state drives, which are being phased out. Meanwhile, PCI-E 4.0 SSD prices continue to decline due to slow new orders.

The sustained decline in QLC product prices in the first quarter also led to lower prices for TLC-based products. Although the rate of cost reduction is slowing, SSDs are expected to further decrease in price by 5-10% in the second quarter.