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SanDisk sees weak demand, pricing hurting rev, margins

(Reuters) – Flash-memory maker SanDisk Corp warned that weak demand from mobile phone manufacturers and a glut in supply that has led to lower prices are hurting its revenue and margins, sending its shares down 7 percent in after-market trading. The maker of NAND chips — used as storage memory in smartphones and tablets — has recently seen demand taper with some of its key customers scaling back orders. Smartphones and tablets have caused a boom in NAND production, but SanDisk’s customers have not all done equally well from the explosion in mobile gadgets. …

Quoted from SanDisk sees weak demand, pricing hurting rev, margins on Gadgets News Headlines – Yahoo! News

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