SanDisk profits declining thanks to a 'glut' of flash memory on the market

Stefan Mileschin · 23rd April 2012, 07:58

SanDisk's Q1 results revealed that the company made only $114 million in profit, compared to $224 million in the same period last year. It's also reduced the outlook for the second quarter, saying that revenue will fall from $1.30 billion to $1.05 billion for the second three months of the year. It's pointing to a "glut" of flash memory in the market; due to consumers tightening their purse strings and too many chips being made. However, CEO Sanjay Mehrotra was optimistic that as consumers clamor for new computers, smartphones and cameras toward the holiday season, demand will increase -- unless they just buy-up all the currently existing inventory on the cheap, that is.

http://www.engadget.com/2012/04/20/sandisk-q1-results/

23rd April 2012, 07:58	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 144,353	SanDisk profits declining thanks to a 'glut' of flash memory on the market SanDisk's Q1 results revealed that the company made only $114 million in profit, compared to $224 million in the same period last year. It's also reduced the outlook for the second quarter, saying that revenue will fall from $1.30 billion to $1.05 billion for the second three months of the year. It's pointing to a "glut" of flash memory in the market; due to consumers tightening their purse strings and too many chips being made. However, CEO Sanjay Mehrotra was optimistic that as consumers clamor for new computers, smartphones and cameras toward the holiday season, demand will increase -- unless they just buy-up all the currently existing inventory on the cheap, that is. http://www.engadget.com/2012/04/20/sandisk-q1-results/

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
SanDisk iNAND Extreme Embedded Flash Memory Included on Windows 8 Dev Platforms	Stefan Mileschin	WebNews	0	28th February 2012 06:15
SanDisk Develops World's Smallest 128 Gb NAND Flash Memory Chip	Stefan Mileschin	WebNews	0	23rd February 2012 07:54
SanDisk Nearly Becomes Fabless Flash Memory Vendor	jmke	WebNews	0	30th January 2009 15:06
SanDisk launches really fast flash cards	Sidney	WebNews	0	24th July 2007 18:57
USB flash drives to get upgraded by Microsoft and SanDisk	jmke	WebNews	0	14th May 2007 19:57
Sandisk officially launches 32GB flash drive at $350	jmke	WebNews	2	13th March 2007 21:26
Sandisk Cruzer Titanium 2GB USB U3 Flash Drive	jmke	WebNews	0	4th December 2006 08:09