Seagate Technology announces that it is the first hard drive manufacturer worldwide to have
shipped 1 billion hard drives -- a number not only staggering in size but also emblematic of
the massive volume of digital content being created in entertainment, computer, automotive,
security, consumer electronics and dozens of other markets. As further testimony to its market
leadership and the central role hard drives play in the digital world today, Seagate projected
that although it took 29 years to reach the 1 billion milestone, the company will ship the next
billion in less than five years. Also, by the time its nearest competitor reaches 1billion drives
shipped, Seagate estimates it will already be close to shipping its second billion.
In 1979, Seagate's first product, the ST506, could store 5 megabytes of data. The drive
weighed about five pounds and cost $1,500. Today, several Seagate drives offer a terabyte of
data (or 1,000 gigabytes), which has enough capacity to record 32 days of high-definition video, around the clock.
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