The storage market is developing and companies that are at the front line of this industry have witnessed quick development. Flash Memory Drives & Solid State Drives ((SSD)) are witnessing immense request because of their application in various devices and distributed storage.
Sandisk (SNDK) is one of the heading manufacturers and suppliers of flash memory storage drives. The organization reported its second-quarter earnings in July and recorded revenue of $1.48 billion, which was up an impressive 43% from last year.
The thriving interest for Sandisk’s products and the increase in cost of its micro SD cards helped the rise in margins. Most cellular telephone manufacturers now give a card slot in their devices, prompting increased interest for memory cards. Customers looking to store more information have prompted the development of micro SD cards, pushing up interest in the process.
— Guru Focus