Date: 17/07/2014

2014 looks to be a good year for flash memory

Flash memory maker SanDisk reported second quarter 2014 revenue of $1.63 billion increased 11 percent on a year-over-year basis and increased 8 percent sequentially.

"We are pleased to deliver record second quarter revenue in both enterprise and client SSDs, as well as retail products,” said Sanjay Mehrotra, president and chief executive officer of SanDisk. “SSD solutions comprised 29 percent of our second quarter revenue, compared to 16 percent in the year ago quarter, demonstrating strong progress in driving our strategic priorities. Our results position us well to deliver another record year in 2014.”

Annual growth of 10 in 2014 is not going to be a bad forecast for Flash memory.
Author: Srinivasa Reddy N