Moore's Law states, depending on how exactly one quotes it, that the number of transistors which can be fit on a single microchip—and therefor it's storage capacity—effectively double in less than a year.
This is fantastic for device refresh cycles, because it means that every year a device had to get either better or cheaper to be worth buying. It's also great for businesses, as consuming one new device every year is even faster than the old model of planned obsolescence, and conveniently hides any glaring problems with the life expectancy of technology.
The drawback to all this is that every time Moore's Law kicks in and we have a new device, we have to come up with a cooler sounding name for the newly doubled device.
That all said, I am now referring to my dick as Dick HD 9".
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