This chart shows the dramatic fall in the price of computer storage between 1956 and 2023. It relies on the data carefully collected by the computer scientist John C. McCallum.
In the last 70 years, the price for a unit of storage has fallen by almost ten orders of magnitude. The data is plotted on a logarithmic scale on the vertical axis. The line follows an almost straight path, indicating an exponential reduction in price.
A 256-gigabyte storage capacity — commonly found in standard laptops sold today — would have cost around 20 billion dollars in the 1950s. (That’s in today’s prices.)
And cost has not been the only improvement: modern solid-state drives offer much faster and more reliable data access than early magnetic and hard disk drives.
Read more on the exponential growth of computing capabilities →
