While other data-storing companies rush for the biggest, baddest, and most expensive, Apple has taken a sharp diversion on the road to data storing from their earlier offerings.  A source close to the company had this to say:

“While we remain proud of our past-gen devices such as the Mac Mini and Time Machine, we’ve discovered a huge market potential for tiny, ridiculously cheap data storage options.”

Apple’s new device stores up to 1.44 megabytes onto a 3.5″ plastic “disk.”  What the company loses in hardware power they gain in their price offering.  These new “disks” will retail for roughly 15 cents (!!!) a piece, allowing even the most cash-strapped Mac users a way to store and move their data.

The company doesn’t expect power users to use the new devices, but assumes the tipping point will come when millions and millions of users stack up on more than one of the devices in order to cheaply back up their data on the fly.

And the best part?  Since they’re so cheap and small, there is no need to hold on to them like you would an external drive.  Simply back up your data, move it, and throw the “disk” away when you’re done.

Gotta hand it to Apple for this novel new concept!

Summize reports:

The end of an era; a fresh beginning; good riddance — whatever you think of Michael Arrington’s final day as Editor and Cheif of the blog we refuse to name on TechCrunch TechFaux, it’s impossible to deny that his tenure there helped forever re-shape not just tech, but blogging, lawyering, hype-mongering, and hot dog eating contests for years to come. So we’re declaring June 31st Michael Arrington Day here at TechFaux, and celebrating a bit, because some day, this story just might make headlines.