Samsung Launches New SSD As Smartphone Sales Drop

News: South Korea-based Samsung Electronics launched storage technology designed to replace computer hard disk drives, reports Yahoo News. The company hopes the new product will help it to capitalise on the fast growing memory devices market and offset slowing sales growth for smartphone memory chips. The 1 terabyte SSD launched by Samsung costs US$650, while a same-capacity hard disk drive by Western Digital Corp costs than US$100. SSDs are widely used in high-end ultra-thin laptops while most PC makers' use hard disk drives because of the huge price difference. However, some analysts forecast hard disk drive usage in PCs will drop to less than 50% by 2015 as SSD prices come down and hybrid solutions emerge.

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Geography: South Korea

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