Sramana Mitra submits: On Monday, SanDisk Corporation (NASDAQ:SNDK), a leading flash storage cards supplier, reported disappointing second quarter results that yet again missed analyst estimates . Results were driven by falling NAND flash prices and oversupply despite increasing demand. There are reports that Apple might change this situation with the huge demand for 3G iPhones and its ripple effect. Apple (AAPL), which sold about a million 3G iPhones in the first weekend alone, has reportedly placed an order for 50 million 8Gb NAND chips with Samsung, following an order of 25 million chips in June. Samsung [KSX:5930] has recently made efforts to reduce oversupply of NAND, and this huge order would lead to its reducing supply to other customers. Earlier coverage on SanDisk is available here . Complete Story » ...
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Sramana Mitra submits: On Monday, SanDisk Corporation (NASDAQ:SNDK), a leading flash storage cards supplier, reported disappointing second quarter results that yet again missed analyst estimates . Results were driven by falling NAND flash prices and oversupply despite increasing demand. There are reports that Apple might change this situation with the huge demand for 3G iPhones and its ripple effect. Apple (AAPL), which sold about a million 3G iPhones in the first weekend alone, has reportedly placed an order for 50 million 8Gb NAND chips with Samsung, following an order of 25 million chips in June. Samsung [KSX:5930] has recently made efforts to reduce oversupply of NAND, and this huge order would lead to its reducing supply to other customers. Earlier coverage on SanDisk is available here . Complete Story » ...