Sales of $26.7 Million for 2011 and $5.7 Million for Q4; Net Income of $1.1 Million for 2011 and $3,000 for Q4; Launched new product FLXHD, an automated duplication system for e-MMC devices

Solid state drives are quickly becoming more popular in a diverse range of sectors, but are still too expensive to become mainstream storage devices.

The rise of NAND Flash-based solid state drives has been happening for almost a decade now, as the technology has been gradually taking hold of the server, storage, and PC markets, eWeek reported.

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SanDisk recently announced plans to reveal a new NAND Flash chip at the upcoming International Solid State Circuits Conference, the EE Times reported.

Businesses are facing an overwhelming amount of data entering their storage and operating environments, forcing them to invest in advanced technologies that support innovation.

The solid state drive sector is becoming highly competitive and complex. This is giving businesses that make their own NAND Flash a major edge over their competitors, the SSD Review reported.

While solid state drive costs are gradually declining, they are still more expensive than hard disk drives.

A recent job post from SanDisk indicates that the company may be working to develop a memory solution using resistive RAM, the Bright Side of News reported.

Intel is close to releasing a new solid state drive designed to act as system cache alongside its Ivy Bridge processors, VR-Zone reported.