The Channel logo

News

By | Chris Mellor 13th July 2015 14:58

Seagate bleeding sales as PC downturn starts to hit hard

Just $2.9bn expected for its fourth fiscal 2015 quarter

Just like QLogic, Seagate sales figures have taken a dive along with the PC sales downturn, and it's had to issue preliminary results to warn the market.

For its fourth fiscal 2015 quarter, instead of the expected $3.2-$3.3bn, it thinks it will make just $2.9bn.

It expects to report unit shipments of approximately 45 million, maintaining approximately 40 per cent market share and reflecting approximately 52 exabytes.

So, might WD/HGST be in the same situation; also is Toshiba similarly likely to suffer?

Seagate_Qrevs_to_fy_2015

Seagate's third quarter results lacked lustre.

Now its full year 2015 revenues look to be $13.68bn, lower by a narrow margin than full year 2014's $13.7bn, and significantly lower than full year 2013's $14.4bn.

Seagate_Annual_Revenues_to_fy2015

Is this server/array (and PC) sales dip going to bottom out or is worse to come?

Everyone will be praying Windows 10 rights the wobbling PC ship and that this has a knock-on effect on server and array sales, which seem to be waiting for an Intel Grantley processor refresh to take place. ®

comment icon Read 11 comments on this article or post a comment alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'