Prices
The price of tape drives and tapes has increased relative to hard disk drives, as disk prices dropped. As of 2011 the cost of an LTO-5 drive taking tapes of up to 1.5 TB true (uncompressed) capacity was about US$1800. As of 2012 the media is cheaper than a hard drive, as a 1.5 TB magnetic tape costs about US$60 whereas a hard drive with the same capacity costs about US$100 to US$150, due to the South East Asian Tsunami, which destroyed many hard drive manufacturer facilities.
Read more about this topic: Linear Tape-Open
Famous quotes containing the word prices:
“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
—Calvin Coolidge (1872–1933)
“United Fruit... United Thieves Company... it’s a monopoly ... if you won’t take their prices they let your limes rot on the wharf; it’s a monopoly. You boys are working for a bunch of thieves, but I know it ain’t your fault.”
—John Dos Passos (1896–1970)
“The earth only has so much bounty to offer and inventing ever larger and more notional prices for that bounty does not change its real value.”
—Ben Elton (b. 1959)