Microdrive was expected to be available by mid-1999. On June 24, 1999, IBM Japan announced the IBM Microdrive 340 MB for ¥58,000 or $475 USD. It was planned to be marketed as a storage device for digital cameras and other handheld devices. On August 24, 1999, Microtech International announced they would be the first North American distributor of the 340 MB Microdrive. In June 1999, IBM launched the first generation 1-inch Microdrive. It had storage capacities of 170MB and 340MB at a price of $499. The physical dimensions of Microdrive were 1.65" × 1.42" × 0.197" (42.0mm × 36.0mm × 5.0mm) and conformed to CompactFlash Type II card standard. A second generation of Microdrive was announced by IBM in June 2000 with increased capacities at 512MB and 1GB, with the 512 MB model costing $399 and the 1 GB model costing $499. Following the merger of IBM and Hitachi HDD business units, Hitachi Global Storage Technologies continued the development and marketing of the Microdrive. In 2003, 2GB and 4GB models were announced by Hitachi. The 4 GB model was first available on February 20, 2004 for a price of $499. This was followed by a 6GB capacity model in February 2005 for a price of $299, with the 4 GB model dropping to $199. Hitachi additionally planned an even smaller 1-inch hard drive with a capacity of 8-10 GB under the code-name "Mikey" for late 2005 with a weight of 14 grams and a size of 40 mm × 30 mm × 5 mm. By 2007, sales and profit of the Microdrive were dwindling so Hitachi discontinued production of 1 inch hard disk drives. Sales of 1-inch drives were only about 3,000 in a three-month period in 2007, while 560,000 units of 1-1.8-inch drives were sold throughout July to September 2007. Hitachi wanted to shift over to bigger 2.5 and 3.5-inch hard disk drives, rather than retain focus on the small hard disk drive business. Seagate In 2004, Seagate launched 2.5 and 5GB hard disk drives in the same small physical form-factor as IBM Microdrive and referred to them as either 1-inch hard drives or CompactFlash hard drives due to the trademark issue. These drives were also commonly known as the Seagate ST1. In 2005 Seagate launched an 8GB model. Seagate also sold a standalone consumer product based on these drives with a product known as the Pocket Hard Drive.