Western Digital results remove fears of memory chip downturn
 

Everything is great

Western Digital has provided strong profit forecasts for the current quarter and the full year said the flash memory market would grow faster this year.

There had been some fears that the surging demand for memory chips was fading, but Western Digital's results say otherwise.


Western Digital’s chief financial officer, Mark Long, said any easing in price would, in fact, help the industry.

“The normalisation in flash market is about expected and beneficial for the industry, creating new opportunities for flash,” Long said on a conference call with analysts. “We view this normalisation as part of our business.”

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