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Flash Memory Prices Will Continue To Fall (What’s New?)

I have my reasons for watching the flash memory market.  One of the key elements I look for is falling flash memory prices.  For me, dropping memory prices’ is an indicator other activities I’m in will continue to grow.  Today I read an interesting article which gave some great detail about the continued drop of flash memory. I’ll start off with a quote to the article, then you can click through for more:
Prices of NAND flash memory could plummet this year because of weak demand and an oversupply of NAND flash in the market, analysts said on Wednesday. If concerns about the U.S. economy deepen, consumers may reduce spending on the phones and other devices that use NAND flash, weakening demand for the chips and depressing prices, said Nam Hyung Kim, director and chief memory analyst for iSuppli. He predicted that prices could fall by as much as 55 percent this year. Up to 90 percent of NAND flash is sold as storage for MP3 players and cell phones, or as cards such as the MicroSD that are slotted into digital cameras and other devices. The reduced price for flash could lead to cheaper products for consumers. Apple already dropped the price of its 1G-byte iPod Shuffle this week, to US$49 from $79, partly because of the falling prices of flash memory, said Shaw Wu, an analyst with American Technology Research.
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