By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Apple, Chinese Smartphone Makers Help Toshiba Return to Profit in Q2
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

Apple, Chinese Smartphone Makers Help Toshiba Return to Profit in Q2

srijita
Last updated: 2016/11/11 at 4:37 PM
By srijita 2 Min Read
Share
SHARE
Apple, Chinese Smartphone Makers Help Toshiba Return to Profit in Q2

Japanese conglomerate Toshiba Corp swung to an operating profit in the July-September quarter, driven by strong demand for NAND flash memory chips from Chinese smartphone makers.

That boom in demand has been a blessing for Toshiba, which is seeking to recover from a $1.3 billion accounting scandal by turning itself into a company more focused on chips, nuclear energy and social infrastructure while getting rid of unprofitable businesses.

Toshiba posted an operating profit of JPY 76.7 billion ($721 million) for the second quarter, versus a loss of JPY 82.6 billion in the same period a year earlier. The result was roughly in line with a revised forecast announced in late October.

Toshiba revised up its annual outlook by 50 percent earlier this week and now expects JPY 180 billion in profit, a turnaround from a JPY 708.74 billion loss in the previous year.

In addition to robust orders from Chinese smartphone vendors eager to upgrade their devices with memory chips with larger storage capacity, Toshiba is receiving an additional boost from Apple Inc’s iPhone 7.

An advanced Toshiba flash memory chip with a three-dimensional stacked cell structure is being used in a high-end model of the latest iPhone, analysts have said.Toshiba forecasts its chips and devices division will be its the largest profit contributor, generating an operating profit of JPY 130 billion this financial year.

But analysts have also said that Toshiba’s depleted capital base in the wake of the scandal could limit its ability to make the necessary investments crucial to staying competitive in the global chip industry.

Toshiba had a NAND flash market share of 19.4 percent in 2015, ranking second after Samsung Electronics Co which has a 30.8 percent share, according to research firm His.

[“source-ndtv”]  

You Might Also Like

Hispanic Heritage Month: Working together to shape the future of remittances

How Google’s AI can help transform health professions education

Certified AC Technicians in Ocala: Your Local Cooling Experts

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

TAGGED: Apple, Chinese, Help, in, Makers, Profit, Q2, Return?', Smartphone, to, Toshiba
srijita November 11, 2016
Share
Previous Article SanDisk Ultra microSDXC Premium Edition Card, 2-in-1 SanDisk Ultra Dual Drive m3.0 Launched in India
Next Article BlackBerry’s Got One Last Keyboard Smartphone for Its Fans

Calendar

October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    

Latest Trending News

  • Hispanic Heritage Month: Working together to shape the future of remittances October 7, 2025
  • 2024 Hyundai Alcazar Review – 6-seater 1.5L Signature September 24, 2025
  • Luxury SUVs are a bit of a rage September 22, 2025
  • New Car Prices in India After GST 2.0: Tata, Maruti, Hyundai, Mahindra & More September 18, 2025
  • The Ferrari 849 Testarossa Combines Power and Tradition September 13, 2025
  • User Review of FZ S Hybrid September 10, 2025
  • Lexus Cars Get Cheaper after GST 2.0: Check Full Price List September 9, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?