Cloud Computing and the future of hardware

Reading so much about cloud computing these days get me thinking about the future of hardware. Which type of hardware will have sustained demand and which type will gradually become obsolete?

If I can make a small list, I would see it as follows:

1- Demand for large capacity hard drive will start to slow, since many applications will be hosted online
2- Demand for more memory will remain strong, since working in the cloud environment will require great deal of RAM
3- Demand for faster processor will always be strong although some of the processing will be done in the virtual cloud environment
4- Demand for flash drives and other storage devices will start to slow
5- Demand for network equipments will remain strong
6- Demand for printers and copiers will remain strong
7- Demand for larger screens will remain strong

One of the major advantages of cloud computing is to provide a secure data backup location, the demand of storage devices will start to slow. I don’t see any other type of hardware sales will be affected.