Sandisk: Sales Up but Profits Down

Sandisk Logo

Sandisk made money this third quarter with some $751-million flowing into the company’s coffers. Of that amount, $103-million is net income, which is actually 4% down compared to a year ago, due mainly to dropping memory prices.

The average price of memory chips has dropped 25% in Q3 compared to Q2; year-on-year, the drop has been 60%.

Sandisk is happy just the same. “We are pleased with our third quarter results,” said SanDisk CEO Eli Harai. Not including stock expenses, SanDisk saw a 15 percent increase in the third quarter overall non-GAAP (Generally Accepted Accounting Principles) income year-over-year.

That $751-million in sales was a record of sorts although net income dropped. The breakthrough sales were attributed to growing demands for mobile phones and digital cameras, successful flash audio player sales in the U.S., and competitive Flash prices in Japan.

[Via: Twice.com]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Agfa Karat 36 Range Finder Film Camera in Case – Parts/Repair  -  JC picture
Agfa Karat 36 Range Finder Film Camera in Case – Parts/Repair - JC
Vintage KODAK Instamatic 8mm Movie Projector M85 For repair or Parts motor works picture
Vintage KODAK Instamatic 8mm Movie Projector M85 For repair or Parts motor works
Grab bag of Vintage Camera Parts -- Yashica Electro Canon QL17 Rodenstock  picture
Grab bag of Vintage Camera Parts -- Yashica Electro Canon QL17 Rodenstock 
Exactra 20 scavenged for parts picture
Exactra 20 scavenged for parts
VINTAGE CLEAN KODAK RETINETTE IA 1A CAMERA PARTS OR REPAIR ONLY picture
VINTAGE CLEAN KODAK RETINETTE IA 1A CAMERA PARTS OR REPAIR ONLY