SanDisk launches a new memory card
In September 2014, SanDisk (SNDK) released the Extreme Pro SDXC UHS-1 memory card. According to the company, it is the world’s first Secure Digital (or SD) card with storage of 512 gigabytes of data, which is more than half a terabyte of storage. To put this into perspective, 128 GB is the storage capacity for most Ultrabooks, and 256 GB is common for most PC solid state disk (or SSD) drives, currently. Thus, SanDisk’s Extreme Pro SDXC card offers more than the storage capacity of a standard PC.
If SanDisk’s Extreme Pro SD card aids in good revenue generation, it is likely to benefit ETFs like the PHLX SOX Semiconductor Sector Index Fund (SOXX), the SPDR S&P 500 ETF (SPY), the iShares Core S&P 500 ETF (IVV), and the SPDR MS Technology (MTK).
The Extreme PRO SDXC UHS-I memory card launched after almost a decade since the company launched its foremost 512 MB SD card. The recent launch is a little larger than a postage stamp, and it can write at 90 MB per second and read at ~95 MB per second. The card has a built-in write-protect switch to help prevent accidental data loss. The card is water resistant, shock resistant, and is also x-ray proof.
SanDisk claims the Extreme PRO SDXC UHS-I can even work after being run over by a five-ton truck. Its SDXC design enables it to hold up to a maximum 2 terabytes (or TB) of flash. The SD card format is one of the most commonly used standards of flash storage that is popular with digital cameras, camcorders, and other mobile devices.
The memory card has the capacity for 4K video capture with the ability to write all the data necessary to store ultra-high-resolution footage in real time. SanDisk expects that the product will appeal to photographers who will appreciate its ability to keep pace with high-speed burst photography.