May my spinning hard drive one day be a thing of the past. From Fortune:
According to Reuters, Apple (AAPL) has sealed the deal that was rumored last week to buy Anobit, the Israeli company that makes the flash memory technology used in Apple’s iPhones, iPads and MacBook Airs.
For Apple, this is a big acquisition, both in dollar terms and in technology. The price — a reported $500 million — is larger than the $472 million it paid for NeXT, once 14 years of inflation is taken into account.
The acquisition also reinforces Apple’s growing commitment to flash memory, which is gradually replacing the hard drives the company has been using for mass storage since the mid 1980s. Apple is now the world’s largest consumer of flash, thanks to sales of its iPods, iPads and iPhones.
The MacBook Air also relies on solid state (rather than mechanical disk) memory, and flash is now an option on the company’s MacBook Pros as well.