Elpida Memory has revised downward its shipment growth forecast for 2010 to less than 40% from the previous estimate of 45%.

Elpida said demand for DRAM used in PCs and servers weakened around the middle of the July-September quarter, affected by uncertainties surrounding Europe and the US economies. Therefore, sales of its computing DRAM products fell more than 20% sequentially during the period due to ASP drops and the Japanese yen's appreciation.

However, Elpida said sales of its premier DRAM (used in mobile phones and digital consumer electronics) products rose about 20% on quarter to reach close to 30% of the company's total sales in the July-September period. Elpida credited the positive result to rising mobile RAM shipments to the smartphone sector.

Elpida's bit shipments for fiscal second-quarter 2010 grew 5% sequentially, meeting the low end of its forecast range. ASP for the period went down 16% on quarter.

Elpida announced revenues for the second quarter of its fiscal 2010 decreased 15.6% sequentially to 148.8 billion yen (US$1.84 billion), due to falling ASPs and appreciation of the Japanese yen. Operating profits for the quarter were 23.5 billion yen, down 47.2% on quarter.

Elpida turned in a net income of 9.2 billion yen in the July-September quarter, compared to losses of 7.2 billion yen a year ago. But net profits for the quarter slumped 69.9% from profits of 30.7 billion yen in the prior quarter ended June 30, 2010.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved