Samsung, Toshiba Lead Sluggish NAND Storage Market: IHS Report
Toshiba still ranks behind the top dog in the NAND flash storage space, Samsung, despite an impressive comeback.Major storage player Toshiba made an impressive comeback in the first quarter of 2012 in the NAND flash storage market, after two major revenue declines in 2011 and the devastating earthquake and tsunami in Japan. Defying an industry wide contraction in revenue, Toshiba surged to double-digit growth, posting NAND sales revenue of $1.71 billion in the first quarter, up 19 percent from $1.43 billion in the fourth quarter of 2011, according to a report from IT research firm IHS. Toshiba still ranks behind the top dog in the NAND flash storage space, Samsung; however, Toshibas inventory carryover from the fourth quarter of 2011 allowed the company to out-ship most of its competitors in the first quarter of this year, according to the IHS report. Toshibas strong first-quarter performance gave the company a 34 percent share of the worldwide market, up from 28 percent in the fourth quarter of 2011.
Toshibas improved performance in the first quarter came after a troubling 2011, Dee Nguyen, memory analyst at IHS, said in a prepared statement. Last year, the companys NAND market share saw two major declines. The first drop came during the second quarter because of disrupted production stemming from the Japan earthquake-tsunami disaster in March. The second decline arrived during the fourth quarter when uncertain market conditions necessitated a carryover of inventory into the first quarter this year. Toshibas strong results show that the company has regained its footing and has put a tumultuous year behind it.