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:

  • Microsoft Ireland data warrant upheld, stay on data turnover lifted - 1:52 PM EST
  • Review: Kanex KTU10 Thunderbolt to eSATA and USB 3.0 adapter - 12:36 PM EST
  • AT&T files patent suit against Cox over years of unlicensed patent use - 10:12 AM EST
  • Review: Logitech Hyperion Fury mouse - 2:00 AM EST

    Today's iPodNN Stories:
  • CryptoWall malware collects $1.1M in file ransoms over six months - 2:27 PM EST
  • Intel launches Core i7 Extreme Edition processors with 6, 8 cores[u] - 3:00 AM EST
  • Nokia Here maps app heading to Samsung Galaxy phones, Gear S - 1:29 PM EST
  • MSN Messenger shuttering in China by end of October - 11:47 AM EST
  • Nintendo reveals 'New' 3DS, 3DS LL with second analog stick - 9:36 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.