Samsung has introduced a 32-gigabyte (GB) NAND flash-based solid state disk (SSD) for about $500. Last year (2005) a 16-gigabyte drive cost $900. This drive reads 3 times faster than a regular magnetic hard drive and writes 1.5 times faster. Samsung project SSD will account for 30% of the global laptop market as the price of a 32-gigabyte SSD will fall from the current 500 dollars to 200 dollars in 2008. The Flash drives require only 5% of the power needed for today’s hard disk drives. They are projected to hit storage capacities of 100GB by next year. The larger capacity drives would probably cost about $1000 next year while the 32GB drives would fall to about $320.