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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!