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Western Digital announces Q4 2012 financial results, doubles profit from last year

Western Digital reports Q4 2012 financial results, profit doubled from 2011

| Business, Financial & Legal News | Posted: Jul 26, 2012 8:37 pm

If Western Digital's financial results reported today are anything to go by, it would appear that the hard drive company has recovered nicely from the flooding that put a majority of its manufacturing capacity underwater less than a year ago. Western Digital managed to pull in $4.7 billion dollars this quarter, Q4 2012.

 

TweakTown image news/2/5/25026_1_western_digital_announces_2012_q4_financial_results_doubles_profit_from_last_year.gif

 

For the entire 2012 financial year, WD managed to pull in $12.5 billion. These results are large increases over the same periods last year. Net income rose to $1.6 billion, more than double what it was for fiscal year 2011. These financials now include Hitachi, which likely contributed a large portion to enterprise drive shipments that WD achieved last year.

 

Even more interesting is that WD has again shipped more laptop drives than desktop drives. During Q4 2012, Western Digital shipped 21.2 million desktop drives and 32.8 million notebook models. The difference between these categories has never been this high before and previously desktop drives outsold laptop models.

NEWS SOURCE
Techreport.com

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