Seagate reported fiscal 2010 four-quarter results: sales down not expected
Drive manufacturers Seagate company announced fiscal 2010 results data, Seagate’s fiscal 2010 ended in July 2 under its published data, Seagate fiscal 2010 quarterly profit fell four US $ 379 million, total revenue US $ 2.66 billion than April this year projected: 2.9 billion less amount of.
Seagate four quarterly revenues due to the poor performance was mainly due to poor sales, reported fourth-quarter Seagate sold a total of 46.8 million hard products, more than 50.3 million in the first quarter fell. And the entire fiscal year 2010, Seagate hard drive product sales, compared with $ 193.2 million, than in fiscal year 2009, by 17.9%.
Seagate CEO Steve Luczo, explained: “the fourth-quarter results below expectations, mainly because the two did not meet our expectations, first, we thought the global macroeconomic situation will be stabilized, secondly, we believe our pricing levels should be consistent with the quarter of market supply and demand conditions. Due to the influence of European debt crisis, consumers buying less led to fiscal year last quarter the industry demand for hard disk product we expect low. Downturn in sales, combined with our several mainstream hard drives and no advantage in terms of pricing, which led to the us for the first quarter’s revenue performance is not good enough. Still, we’d hit a June performance the best record in the history of the company. ”
Seagate fiscal 2011 first quarter ending in September, Seagate said the quarter’s revenue will reach $ 272.9 billion.
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Original:tcmagazine