TOKYO: Japan's Toshiba Corp raised its operating profit estimate to ¥95bil (RM3.8bil) from the previous forecast of ¥70bil (RM2.8bil) for the April-September period, in the second upward revision in just about a month.
The company cited rising flash-memory chip prices for smartphones on the back of strong chip demand from Chinese smartphone makers, as well as solid sales of hard disk drives for personal computers and gaming devices.
Toshiba said it would announce its full-year forecast as soon as possible – it may revise it after considering its first-half results. — Reuters
Did you find this article insightful?