The Emulator III was introduced after the discontinuation of the Emulator II in 1987, and was manufactured until 1990. A rack-mountable version was introduced in 1988.
It featured 4 or 8 Megabytes of memory, depending on the model, and it could store samples in 16-bit, 44 kHz stereo, which at the time, was equivalent to the most advanced, professional equipment available. The sound quality was also improved greatly over its predecessors, the Emulator I and II, with quieter outputs and more reliable filter chips.