Toshiba revises up first half forecast on solid memory chip sales

Toshiba revises up first half forecast on solid memory chip sales
 

Japan's Toshiba Corp (6502.T) said on Wednesday it is expecting to report a bigger first-half profit than previously forecast as prices for memory chips have climbed on an increase in demand for smartphones.
The electronics conglomerate said it now expects a net profit of 85 billion yen ($845 million) for the April-September period. It had previously forecast a 70 billion yen profit.
Toshiba also said it has also has been seeing strong demand for hard disk drives.
(Reporting by Taiga Uranaka; Editing by Edwina Gibbs)
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28 September 2016 in Business, Views: 50
Source: Reuters
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