Seagate lowers revenues and earnings

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POSTER: computer news   ||   SEAGATE LOWERS REVENUES AND EARNINGS	DATE:2014-01-28
Western Digital's report on the work in the fourth quarter of calendar year 2013 showed that the hard drive manufacturer gradually increasing production, revenues and earnings.  In an era of so-called after the PC is important in itself, as drives for client systems purchased in much smaller quantities than before.  Nevertheless, HDD market have not declined but even grew.  First, this was facilitated by the development of the theme of cloud environments.  At this leaves the server market, and it gives an opportunity to deliver hard drives for non-computer services.  Everything was good.  But today, Seagate has shown that sooner or later all good finishes.  According to the report the second largest company in the market for the production of HDD,  of its revenues and profits declined this year.   In the fourth quarter of 2012, Seagate has gained $ 3.66 billion and a net profit of $ 492 million in the fourth quarter of 2013, revenue fell to $ 3.52 billion and net income declined to $ 428 million .  At the end of 2013 on the supply of storage for cloud services company received about 20% of revenue.  So that failure in this area naturally led to a decrease in financial results. It is interesting to note that in the fourth quarter, the company Western Digital has admitted  a small reduction in market share: from 45.1% to 44.4%. Seagate report  becomes clear that the 0.7% did not got Seagate, but Toshiba company .  Seagate early next quarter promised to release its first 6-TB drive.   Related Products :

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