“Western Digital Corp. sought to reassure investors about the slowing hard-drive business on Tuesday, as the advent of tablet computers eats into computer demand,” Alex Dobuzinskis reports for Reuters.
“The company, which is struggling with waning consumer sentiment, also projected sales below Wall Street’s estimates during the normally strong holiday quarter,” Dobuzinskis reports. “Chief Executive John Coyne said tablets such as Apple’s iPad — which use flash memory rather than hard-drive storage — will reduce growth in shipments of low-end laptops and netbooks by 10 to 20 percent over the next few quarters.”
Full article here.
MacDailyNews Take: Very reassuring, John. Bet he just loves the new MacBook Airs.