In January of 2009, I mentioned the price of storage had just dropped below 9 cents per gigabyte. I see now that 2 TB drives are selling below $150 (they’re $140), so it’s time to update my figures. At $139.99 for a 2 TB (2,000 GB) SATA hard drive, that comes out to less than 7 cents per GB. That’s a great deal, and it goes without saying that it’s the lowest price for data storage consumers have ever seen.

Updated 4/19/10: Micro Center is selling 2 TB Seagate SATA drives for $119.99. It’s an in-store special, with a one drive per household limit, but still, that makes it 6 cents per gigabyte. What can I say — expect the price to keep dropping…

On the downside, it seems hard drive manufacturers have hit a ceiling with 2 TB drives. I haven’t heard talk of 3 or 4 TB drives, or anything larger than that. Perhaps I haven’t been keeping up with storage news properly, so if you’ve heard some good news, do let me know!