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Old 1st February 2012
J65nko J65nko is offline
Join Date: May 2008
Location: Budel - the Netherlands
Posts: 3,503
Default Seagate slam-dunks flood-hit rivals with triple-profit Q2


Ships 47 million disk drives as others sink

Seagate, the world's numero uno disk drive manufacturer, notched up a brilliant second 2012 quarter with revenues and profits soaring up above flood-diminished rival WD.

Revenues were $3.2bn and net income of $563m, which compares to $2.7bn revenue and $150m net income in the year-ago quarter. A 19 per cent increase in revenues, and profits over triple – 3.75 times as much, to be exact – those of the same quarter last year is a heck of a jump... especially in these Thai flood-straitened disk drive times. We guess scarcity of supply and drive price increases account for some of this.
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