In the fourth quarter of fiscal 2010, which ended on July 2nd, Western Digital has managed to keep the hard drive crown it pulled from Seagate in Q3 as it shipped no less than 49.7 million units, whereas its arch-rival 'only' sold 46.8 million units.
In Q4 Western Digital's revenue was of $2.4 billion, up from $1.9 billion a year ago while the net income was $265 million or $1.13 per share. Analysts were expecting earnings per share to reach $1.35 but increased competition and a lower demand have taken their toll on WD's numbers.
“Despite softer than anticipated June quarter demand, fiscal year 2010 was another year of significant growth and profitability for Western Digital,” said John Coyne, president and chief executive officer. “The long-term demand for low-cost, high-volume storage driven by the proliferation of data and content-hungry consumer and commercial devices remains strong. With our focus on customer needs, quality, low cost, and high asset efficiency in the highest growth markets, we believe WD is well positioned to continue to generate growth on a sustained and profitable basis.”
Western Digital expects a revenue for the current quarter of $2.35 billion to $2.45 billion.
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