this post was submitted on 21 Nov 2023
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That has been the case since the hard drive crisis from the end of 2011. Well, SSDs stagnated or even went a little up over a 1-2 years period a few years back but now they're back in full swing. If this continues (which isn't a given, I'd say it's 50/50 chances) it'll be hard to justify spinning rust (all the "but but but unpowered SSDs can lose data in as little as X time" aside).
For what it's worth, we're coming off of the bottom of a bust cycle in the NAND flash space.
The OP's graphs basically capture the NAND market from the previous boom through the current bust. So from that specific perspective, SSD prices have been dropping like a rock. The only catch with that window is that it fails to capture the cyclical nature of the market - and thus fails to illustrate how SSD prices go back up.
In practice, SSD prices have hit their lowest point. They are going to rebound here until the next bust in 2-3 years.
Get ready for incessant "SSD cartel" "price-gouging" posts for the next 2~3 years.