“Citing order reductions and weakness in consumer spending, iSuppli Corp. is cutting its outlook for global NAND flash revenue growth by a wide margin,” Mark LaPedus reports for EE Times.
“The NAND flash market is projected to grow in the single digit percentage range in 2008, down from iSuppli’s previous outlook of a 27 percent rise. Global NAND revenue in the fourth quarter of 2007 declined to $4.1 billion, down 2.4 percent from $4.2 billion in the third quarter of last year,” LaPedus reports. “With consumer confidence taking a dive due to the U.S. subprime mortgage crisis, the NAND market outlook appears gloomy.”
“Apple Computer Inc. has slashed its 2008 NAND order forecast ‘and has informed suppliers that its demand growth will slow in 2008 compared to 2007,’ according to iSuppli,” LaPedus reports. “Apple was the world’s third largest OEM buyer of NAND flash memory in 2007, with purchases of $1.2 billion, representing 13.1 percent of the global market, according to iSuppli.”
More in the full article here.