The company also announced 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 Sept. 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 percent on a non-GAAP basis.
The company reiterated its non-GAAP $10 earnings per share target for the fiscal year ending June 28, 2013.
WD anticipates 11 percent lower HDD demand due to slow PC demand
Posted on Monday, September 17 2012 @ 17:08 CEST by Thomas De Maesschalck