Hitachi announces the arrival of 1TB drives.
A 1TB hard drive for $399 is likely to be an instant hit among early adopters and video pros. That price translates to about 40 cents per gigabyte, or 0.04 cents per megabyte. Compared to Seagate's 750GB Barracuda 7200.10 drive—which comes out to about 60 cents per gigabyte and 0.06 cents per megabyte ($349.99 from Amazon)—and the 500GB Hitachi Deskstar 7K500—about 42 cents per gigabyte and 0.042 cents per megabyte ($209.95 from Amazon)—the DeskStar 7K1000 offers a slight value over the currently available competition.
Consider the implications to the enterprise raid manufacturers like EMC and Netapp of this announcement. Mirroring drives will provide redundancy and the price point will be extremely low. So NetApp and EMC will have to really ramp up the value of their features or get into other markets. Perhaps this is why they are pursuing every related market there is?