Western Digital released its Q4 fiscal year 2020 financial report today, with revenue of $4.287 billion, an increase of 18% year-on-year, and a net profit of $148 million and a loss of $197 million in the same period of the previous year.
The results of this financial report were really brilliant. Revenue rose sharply and turned losses into profits. The net profit under non GAAP rules reached 369 million US dollars, up 6.4 times. The performance was amazing.
If you don’t take a closer look, the change in the financial quarter of Western Digital is really not small. The shipment of HDD Hard disk is 23.1 million units, which is a new low in history, which is down sharply compared with 27.7 million units in the same period of last year.
This is the case in the HDD Hard disk market. It can be expected that the continuous decline in the shipment volume can be expected. The only advantage is that the high-capacity HDD Hard disk is still indispensable. Therefore, the average price of HDD Hard disk of Western Digital is still rising, from $75 in the same period last year to $87 now.
Western Digital is traditionally a HDD Hard Disk company, but it has been transforming since its acquisition of Shandi. This fiscal quarter has finally made a breakthrough, that is, the revenue contribution of HDD Hard Disk business is lower than that of flash disk business for the first time, with the former revenue of $2.049 billion and the latter of $2.238 billion.
After the flash business has become the first major force, Western Digital will continue to flash in the future, and the proportion of HDD business will gradually decrease.