Hard drive manufacturer Western Digital reported its fiscal second quarter 2016 earnings on January 28, reporting a nearly 15% year-over-year decline in net revenues to $3.362 billion.  The company reported a similar revenue decline in the fiscal first quarter as well. The total hard drives shipped by Western Digital through the quarter were about 19% lower than the previous year period at 49.7 million units. The decline was largely driven by sustained weakness in the PC market, which led to low product shipments. Moreover, the company’s retail product sales in the consumer electronics and external storage segment also contributed to the decline in shipments. The company expects weakness to continue through the March quarter, with expected revenues of about $2.85 billion, which is about 20% lower than Q3’15 revenues. 

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