The 3.5-inch, 7200RPM storage drive seems to have nothing out-of-the-ordinary about it apart from its large storage capacity. However, the company claimed in its release that the drive "includes power-saving features to help keep drive operating costs low."
However, the company has priced the hard drive at $535 (roughly Rs. 36,000), which would be considered on the costly side as two 5TB hard drives from Seagate would effectively cost around $380(Rs. 25,500) on Newegg.
Along with this drive, Seagate also launched two other 10TB hard drives - IronWolf and SkyHawk - aimed at use as NAS (network-attached storage) and for use in surveillance.
Last week, in its release, the company said that it has decided to cut around 6,500 jobs worldwide, or 14 percent of its total workforce, by the end of fiscal year 2017 despite improvement in company's estimated revenues for fourth-quarter of fiscal year 2016 ended July 1.
The decision to cut the workforce was taken as the long-term outlook for the company and for the whole HDD business remains weak due to weak demand for personal computers, which usually pushes the demand for these drives, remains weak and has continuously declined over the last few years.Earlier on June 29, Seagate had announced job cuts for around 3 percent of its worldwide workforce.