The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Seagate forecasts revenue below estimates amid weak memory chip demand

October 26, 2023
Source: reuters.com reuters.com
News Snapshot:
Oct 26 (Reuters) - Computer hard drive maker Seagate Technology (STX.O) forecast second-quarter revenue below estimates on Thursday, a sign that demand stays weak for its data storage products amid a PC market slump. Seagate expects revenue for the current quarter to be $1.55 billion, plus or minus $150 million, the midpoint of which was below estimates of $1.61 billion, according to LSEG data. High borrowing costs and fears over the economic outlook have over the past year slammed demand for memory chips after a pandemic-driven boom. Demand also remains low in China, the market for nearly a third of...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: China | chip | chips | cloud | computer | Covid-19 | data | digital | Economy | hard drive | inventory | IT | loss | Outlook | Pandemic | PC | profit | Reuters | revenue | Seagate | share | standards | stocks | storage | technology

Other News:

How Sonam Wangchuk’s fast strikes a chord as it ties in with ‘austere crusader’ template

July 23, 2026
indianexpress.com indianexpress.com

US Announces Civilian Nuclear Deal With Saudi Arabia

July 23, 2026
deccanchronicle.com deccanchronicle.com

FAR bonds lose their pull as tailwinds fade

July 23, 2026
economictimes.indiatimes.com economictimes.indiatimes.com

Ascletis Announces Oral Discussion of ASC36_35 FDC Preclinical Data Demonstrating Superior Weight Loss to Eloralintide/Tirzepatide Combination at the 62nd European Association for the Study of Diabete

July 23, 2026
manilatimes.net manilatimes.net

Benchmark indices fall amid rising crude oil prices and West Asia conflict

July 23, 2026
economictimes.indiatimes.com economictimes.indiatimes.com

Nearly 200 Silicon Valley startups urge Trump not to ban Chinese AI models, warn it could kill innovation

July 23, 2026
techstartups.com techstartups.com

US announces civilian nuclear deal with Saudi Arabia

July 23, 2026
manilatimes.net manilatimes.net

Banker urges building up seaports

July 23, 2026
bangkokpost.com bangkokpost.com

Xpeng says Tesla, not BYD, is its real rival

July 23, 2026
7news.com.au 7news.com.au
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.