Toshiba Q3 profits boosted by smartphone surge

Increased sales of smartphone components pushed Toshiba profits to 12.4 billion yen (£95m) for the third quarter of fiscal year 2010 compared to a loss of 10.6 billion yen (£81m) in the same period last year.

Increased sales of smartphone components pushed Toshiba profits to 12.4 billion yen (£95m) for the third quarter of fiscal year 2010 compared to a loss of 10.6 billion yen (£81m) in the same period last year.

The company said sales increased by 25.2 billion yen (£193m) to 1,588.5 billion yen (£12.2bn) in the period ending 31 December 2010. Operating profit of 37.5 billion yen (£287m) for the period was also up 23 billion yen (£176m) compared to 14.5 billion yen (£111m) in the same period last year.

Toshiba attributed its boosted profits to increased demand for LCDs and NAND flash memories, used in smartphone and tablet devices. Its electronic devices business generated 17.2 billion yen (£132m) in operating income after a loss of 6.6 billion yen (£51m) a year earlier, according to Reuters.

The latest Strategy Analytics report showed global shipments of smartphones reached 94 million units in the fourth quarter of 2010, an increase of 75% compared to the same period in 2009.

Smartphone shipments almost doubled since 2008, reaching 293 million units for the full year in 2010 compared to 151 million units in 2008.

Read more on PC hardware

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

  • How do I size a UPS unit?

    Your data center UPS sizing needs are dependent on a variety of factors. Develop configurations and determine the estimated UPS ...

  • How to enhance FTP server security

    If you still use FTP servers in your organization, use IP address whitelists, login restrictions and data encryption -- and just ...

  • 3 ways to approach cloud bursting

    With different cloud bursting techniques and tools from Amazon, Zerto, VMware and Oracle, admins can bolster cloud connections ...

SearchDataManagement

Close