Magnetic drives aren't going away.
There still remains a demand for bulk data storage. SSD is still too expensive for that level of storage and no other form of media in the mass market can store so much in one device (a 2TB HDD holds 40x the storage of a dual-layer BluRay). So while there may be less demand these days for PERFORMANCE hard drives, hard drives with an emphasis on pure storage will remain popular for a while yet.
That said, hard drive capacity at least on the consumer level will probably plateau at 2TB for a little while as computers sort out the kinds of compatibilities necessary to go beyond this tier. and reach mass-penetration themselves.
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