MacNN | Fusion-io shares drop after Apple, Facebook delay SSD orders
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Fusion-io shares drop after Apple, Facebook delay SSD orders
Thursday, January 31, 2013 @ 5:53am

SSD maker Fusion-io has cut down its revenue forecast after Apple and Facebook delayed their orders. Forecasted revenue received for the year ending June 2013 has been changed to between $420 and $440 million from the earlier $521 million to $539 million estimate, the news of which caused Fusion-io share prices to drop 21-percent.



Of the $359 million in sales the previous financial year, Apple contributed a quarter of the figure, while Facebook makes up 30 percent of it, writes Reuters. Fusion-io chief financial officer Dennis Wolf claimed the "change in our guidance reflects a two-quarter shift in the timing of their bulk purchases." The company, with Apple co-founder Steve Wozniak employed as its chief scientist, earned a net income of $1.7 million for its second quarter, an improvement on the $5.7 million net loss in the same period the year previously. Before the 21-percent drop after the news was released, Fusion-io had seen its shares fall around 19 percent in value over a three-month period.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Briefly: Three trials same-day delivery, Slingbox YouTube update - 8:44 PM EST
  • Obama signs E-Label Act, allows manufacturers to remove rear logos - 5:41 PM EST
  • Giveaway: Win a Skrillex X UE Boom Bluetooth speaker! - 5:35 PM EST
  • Pre-Black Friday: best SSDs at the lowest prices - 5:09 PM EST
  • Giveaway: win a ScreenGuardz HD Impact screen protector - 2:50 PM EST
  • Giveaway: StreamToMe for iOS - 2:26 PM EST
  • Pre-Black Friday: Walmart deals on electronics available now - 1:44 PM EST
  • European Parliament confirms wish to break search away from Google - 1:35 PM EST
  • Current and Black Friday Deals: 5TB HDD, iPads, 4k2k display, more - 1:22 PM EST
  • Pre-Black Friday: Amazon Kindle tablets and e-readers from $49 - 12:53 PM EST
  • Giveaway: Civilization: Beyond Earth - 12:23 PM EST
  • Giveaway: Fantastical for Mac, iPhone and iPad + Holiday sale - 11:58 AM EST
  • Happy Thanksgiving from MacNN and Electronista - 11:00 AM EST
  • Hands On: Sproggiwood (Windows, OS X, Linux via Steam) - 7:19 AM EST
  • Apple debuts additional iPhone 6 ad, highlights Voice Text - 12:18 AM EST

    Today's iPodNN Stories:
  • Windows 10 Consumer Preview could ship by end of January 2015 - 3:07 PM EST
  • WSJ: GoPro plans launch of camera-equipped drones - 11:44 PM EST
  • Amazon cuts Fire Phone price a second time to $199 unlocked - 12:57 PM EST
  • Samsung plans $2B share buyback, sale of defense and chemical assets - 11:22 AM EST
  • Sony reportedly working on smartwatch with e-paper screen, band - 8:53 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.