Monday, February 10, 2014
Inotera Memories saw its January sales decrease about 11% on month, due mainly to its revised pricing model with Micron Technology.
Consolidated revenues at Inotera slipped 11.4% sequentially to NT$7.22 billion (US$238 million) in January 2014. However, the January sales represented a 171.7% jump compared to the levels during the same period of 2013.
The revised pricing model between Micron and Inotera, which took effect in January 2014, will allow Micron to share more profits when Inotera makes higher earnings, the companies said. Micron purchases all of Inotera's manufacturing output.
Inotera noted previously the new pricing model will not harm its profitability. The company earned net profits of NT$212 million in 2013.
By: DocMemory
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