…Fusion-io’s products are designed more for the high end, with a massive 10-terabyte drive that is several orders of magnitude faster to access than standard drives. For now, that gives Fusion-io a huge competitive edge over Western Digital and Seagate (Nasdaq: STX ) — at least for the highest-end applications. The company counts Facebook as its biggest customer.
But competition will be fierce going forward. Western Digital and Seagate have gotten into solid-state drives and have seen some promise, and peer OCZ Technology (Nasdaq: OCZ ) saw a similarly impressive jump in revenue in its most recent quarter. EMC (NYSE: EMC ) has also recently announced its new VFCache technology, using flash chips to accelerate performance.