Semantics. Obviously OP meant removable media. There's no need to physically carry media around with us like we used to.

Look at the popularity of chrome books, for instance.

The last time I built a computer, I bought the biggest hard drive I could to fit all of my games and other data. However, my current cellphone is more powerful than the last gaming rig I built. SSDs are so much faster than HDDs, and the internet is so much faster, I don't need to store everything I own locally. I can use my internal storage as a buffer to store whatever I'm actively working on or playing with, while archiving the rest on the cloud and downloading as needed.