Seagate announced they're the first hard drive maker to have shipped 1 billion hard drives. The firm says the 1 billion hard drives they've shipped equate to about 79 million terabytes of storage capacity.
It took Seagate 29 years to ship 1 billion hard drives but the firm expects the next billion will be reached in less than five years:
As further testimony to its market leadership and the central role
storage solutions play in the digital world today, Seagate projects that
although it took 29 years to reach the 1 billion milestone, the company
will ship its next billion in less than five years. Also, by the time its
nearest competitor reaches 1 billion drives shipped, Seagate will already
be close to shipping its second billion.
Seagate's billionth drive milestone comes as hard drive shipments
continue to increase dramatically. According to Gartner Group, last year
alone more than 500 million drives were shipped, compared to 1990, when
slightly less than 30 million were shipped.
In 1979, Seagate's first product, the ST506 hard drive, could store 5
megabytes of data or the equivalent of one MP3 song. The drive weighed
about five pounds and cost $1,500, or $300 per megabyte. Today, a typical
Seagate hard drive offers a terabyte of data (or 1 million megabytes),
which has enough capacity to record 32 days of high-definition video around
the clock -- at a cost of 1/5000th of a cent ($0.00022) per megabyte.