According to a Reuters report, Micron’s previously reported revenue for the third quarter ended May 28 was US$5.44 billion, a year-on-year increase of 13.6%, and was higher than the market’s expectation of US$5.31 billion.
In addition, the business opportunities for remote office and education have stimulated the demand for Micron notebook computers and data center chips. The company predicted on Monday that the current quarter revenue will be between 5.75 billion and 6.25 billion US dollars, with a median value higher than the analysis. The estimated 5.48 billion US dollars.
It is reported that Micron is committed to selling more profitable solid state drives. The company said that hard drive sales hit a record high in the third fiscal quarter, and that three-quarters of NAND chips were sold as part of high-value-added products rather than original chips.
Micron said that it is expected that by the second half of 2020, consumer demand for smartphones and other consumer electronics products will be lower than originally expected, but data center demand is strong and supply shortages are emerging. In addition, the company plans to shift the supply of DRAM and flash memory chips from the smartphone market to the data center market.