"This is truly an impressive accomplishment and I am proud to lead this company as we celebrate this success," said Steve Luczo, president, CEO and chairman of Seagate. "This achievement is a testament to the commitment of our employees whose relentless dedication and personal pride continue to be the fabric of this company."
Digital content demand continues to stem from a wide range of sources, including social media and mobile devices, fueling the need for storage. Analysts estimate that over 4 billion hours of user-generated content is watched each month on YouTube alone. While user generated high-definition camcorder video, still pictures, and smartphone clip sharing storage needs are expected to quadruple from 2013 to 2015.