Removable storage is the new black...
Published: 3 June 2004 09:15 GMT
Global revenue for removable solid state storage devices nearly doubled in 2003, as flash cards and Universal Serial Bus flash devices found increasing acceptance among consumers, according to a study released Wednesday by Gartner.
Last year's worldwide revenue jumped to $4.25bn from 2002's $2.13bn.
Joseph Unsworth, Gartner analyst, said in a statement: "Lower costs in the retail channel encouraged consumers to purchase higher-capacity products and fuelled overall megabyte growth."
Gartner said explosive demand, particularly for USB flash drives, quickly outpaced supply at the component level, thrusting the market into an undersupply situation during the second half of 2003.
As a result, price drops that had started in the early part of 2003 slowed down by midyear and then stayed firm. The USB flash drives segment grew a record 352 per cent, to $613.1m in 2003 from $135.6m in 2002.
Staff, News.com
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