An interesting read:
In 1956 IBM invented the first computer disk storage system, the 305 RAMAC (Random Access Method of Accounting and Control). This system could store five MBytes. It had fifty, 24-inch diameter disks!
In 1980, Seagate Technology introduced the first hard disk drive for microcomputers, the ST506. It was a full height (twice as high as most current 5 1/4" drives) 5 1/4" drive, with a stepper motor, and held 5 Mbytes. My first hard disk drive was an ST506. I cannot remember exactly how much it cost, but it plus its enclosure, etc. was well over a thousand dollars. It took me three years to fill the drive. Also, in 1980 Phillips introduced the first optical laser drive. In the early 80's, the first 5 1/4" hard disks with voice coil actuators (more on this later) started shipping in volume, but stepper motor drives continued in production into the early 1990's. In 1981, Sony shipped the first 3 1/2" floppy drives.
http://www.duxcw.com/digest/guides/hd/hd2.htm