WD Lowers Revenue Expectations for Ongoing Quarter
[09/14/2012 01:42 PM]
Western Digital, the world's largest maker of hard disk drives, said on Thursday that due to lowering demand towards personal computers in the third quarter 2012, total available market for hard disk drives (HDDs) will be 11% lower than originally expected. As a result, the company lowered its estimates for the quarter that ends on September 28, 2012.
WD said that it now expects the industry’s total available market (TAM) for hard drives in the September quarter to be approximately 140 million units versus its earlier forecast of 157 million units, due to muted demand and inventory rebalancing. As a result, the company now expects revenue for its first quarter ending September 28, 2012, will be approximately $3.9 billion to $4.0 billion, compared with its previous expectation of $4.2 billion to $4.3 billion. The company continues to estimate its gross margin for the September quarter to be approximately 30% on a non-GAAP basis.
Earlier this month Intel Corp. also lowered its revenue expectations for the quarter, citing slowing demand during back-to-school season as well as weak demand for personal computers in general in well-developed countries.
It is interesting to note that unlike manufacturers of dynamic random access memory (DRAM), hard drive makers are reluctant to lower prices on hard disk drives in a bid to spur demand towards storage devices in the channel and in the retail.
Tags: WD, Western Digital, Business
0
0
[Posted by: daneren2005 
| Date: 09/14/12 05:23:17 PM]
0
0
[Posted by: TAViX 
| Date: 09/15/12 05:09:25 AM]
0
0
[Posted by: DirectXtreme 
| Date: 09/16/12 06:45:35 PM]10:25 pm | Seagate Reveals Industry's First Purpose-Built 4TB Video Hard Disk Drive. Seagate Develops Purpose-Built Hard Disk Drive for Video
10:03 pm | Microsoft Xbox One to Run Two Operating Systems at Once. To Provide the Best Experience, Xbox One Will Rely on Several Operating Systems
9:59 pm | Microsoft Xbox One Will Not Require “Always On” Connection, But Will Need the Internet for Nearly Everything. Microsoft Xbox One Will Need Internet Connection for Majority of Things
9:20 pm | Imec, GlobalFoundries and Qualcomm Team Up for High-Density STT-MRAM. Qualcomm Shows Interest in STT-MRAM, Collaboration with GlobalFoundries
8:58 pm | Intel Dominates Microprocessor Sales as AMD’s Shipments Drop Below Apple, Qualcomm and Samsung. Apple, Qualcomm and Samsung Pass AMD in Microprocessor Rankings
8:51 pm | Microsoft Xbox One Will Not Be Backwards Compatible with Xbox 360 Games. Microsoft Drops Backwards Compatibility for Xbox One
8:15 pm | Microsoft and Sony to Start Selling Next-Gen Consoles by End of October . Battlefield 4 Launch Date Reveals Availability Timeframe for PlayStation 4, Xbox One
7:44 pm | Microsoft Unveils Xbox One: The One and Only Machine One Needs in the Living Room. Microsoft Reveals Its New Vision for Game Consoles with Xbox One System
Make Home Page
Add to Favorites
Xbitlabs on Facebook
XbitLabs is using Twitter
Windows Live Alerts
| Date: 09/18/12 02:19:12 AM]
