Counting Down to the End of Moore’s Law - Bits Blog - NYTimes.com
[we] can double the capacity of its chips only two more times. Once the industry goes from its current 64-billion-bit chip to a 256-billion-bit chip (that’s 32 gigabytes), it will hit that brick wall.
Your camera and music player will certainly be able to store a lot of files. But you won’t be able to count on next year’s iPhone having double the capacity at the same price.