Western Digital Boasts Record Year in Quarterly Revenue Report
Posted 10/23/09 at 03:06:02 PM by Paul Lilly
Recession? Tech slump? Losses? Apparently these are all things Western Digital is not familiar with, even if just about everyone else in the tech industry is. The hard drive maker today reported record quarterly revenue of $2.2 billion, and that's not the only record that was set.
Hard drive shipments also hit a record high totaling 44.1 million units for the quarter. All tallied, Western Digital pulled in net income of $288 million, or $1.25 per share, for its first fiscal quarter ended October 2, 2009.
"For the second consecutive quarter, demand for hard drives was stronger than expected as the positive industry conditions that materialized in the June quarter continued throughout the September quarter," said John Coyne, president and chief executive office. "We believe that demand is being driven primarily by consumers as a result of the growing social media phenomenon. This is creating demand in mobile and desktop PCs, branded products, and enterprise storage."
Western Digital went on to say that its hard drive inventories remain at historically low levels. And going forward, the hard drive maker says demand remains strong, so the good times should continue.

Image Credit: Western Digital
teh exbawks
Submitted by QUINTIX256 on Fri, 10/23/2009 - 3:00pm
44 million in a quarter. I doubt that even one out of every 3 went to embeded applications and servers.
The total number of xBoxs 360's sold to date is around 32 million. This just shows the stregnth of the PC platform.
You can have your recession. I'm not participating.
I guess...
Submitted by Wareagle on Fri, 10/23/2009 - 2:28pm
I guess people are upgrading instead of buying new PCs?
I always buy WD hard drives and have never had one fail on me- until this year. Both my own and my brother's WD hard drives failed recently.
Perhaps as the company goes more mainstream, they cater to customers wanting cheaper goods?
My hard drive was top of the line when I bought it though. (500GB w/ 16MB buffer)
Feature
Review
Feature
Feature
Feature






