True or not, that quote was in reference to RAM, not hard drive space.
Now my first computer back around 1992 had a 129MB hard drive. I thought I was king of the mountain at that time because most computers were still shipping with 40MB or 80MB hard drives.
I still have that computer (IBM PS/1) and when I was moving to my new house, I unboxed it and was able to successfully boot it up into Windows 3.11 for Workgroups. Lot of my Prodigy Whitewater BB postings are still on that hard drive so some sentimental value there. Only problem is - I need to get that stuff off with a floppy disk!