Sony will pull out of the floppy disk market by March 2011, but Verbatim says it's not planning to quit anytime soon as it still sold around 50 million units in Europe last year.
“Almost 30 years after the 3.5-inch disk’s launch in 1981, the floppy remains a widespread data storage medium despite the advent of powerful rivals such as the CD and USB stick. According to the market leader Verbatim’s own figures, European sales totalled around 50 million units in 2009, with demand especially strong in Eastern Europe and the CIS states,” a statement by Verbatim reads.
“Nonetheless it comes as no surprise to Verbatim that in a shrinking market segment the number of suppliers of this product is diminishing. As a leading storage media specialist, however, Verbatim will continue to supply the floppy worldwide,” Verbatim said.