Micron’s Expected Growth In Calendar 2016: Trefis Estimate
Weak macroeconomic conditions and the persisting weakness in PC demand has impacted the company’s growth rate in calendar year 2015, with revenue declining by 11% year on year. Also contributing has been Micron’s lagging DRAM and NAND output (or “bit” growth) in comparison to the industry, due to ongoing technology transitions. While we expect revenue to continue declining in calendar 2016, we believe the pace of decline will slow down significantly (<5%). Depending on how the end market demand plays out, the company will continue to manage product mix and allocate its capacity to maximize its opportunities over time. Micron seems confident that the demand environment will stabilize and improve this year, and expects industry supply and demand for both DRAM and NAND to be relatively balanced.
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Have more questions about Micron Technology (NASDAQ:MU)? See the links below:
>> By What Percentage Did Micron’s Revenue & Gross Profit Grow In The Last 5 Years?
>> How Much Revenue Can Micron Earn From Its DRAM Business In The Next 5 Years?
>> How Fast Can Micron’s Revenue Grow From Its NAND Flash Business In The Next 5 Years?
>> Micron Technology: Calendar Year 2015 In Review
>> What’s Micron’s Fundamental Value Based On Expected 2016 Results?
>> Micron’s 2015-2020 Revenue CAGR To Decline To 4% If Memory Prices Decline By 20% Per Year
>> Why We Have A Bullish Outlook On Micron Technology
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