I'm having major issues with my MacBook Pro. It started running incredibly slow and then wouldn't even boot. I tried restoring from a Time Machine backup (on an external drive) with no luck, eventually I reinstalled OS X from Disk Utility, but now when I boot it stalls for ages with the progress bar two thirds full, then a load of code appears briefly on the screen, then it restarts and I get a flashing folder with a question mark. If I boot into recovery mode it says "this drive has a hardware problem that cannot be repaired" and the S.M.A.R.T. Status says "Failing" in red.
I guess I probably need a new drive? But I'm confused that it only says "Failing" rather than failed, and yet I can't seem to boot up. Is there any hope of repair?
Thanks very much