Leading memory products manufacturer Micron Technology reported a strong Q2 2014, driven by favorable structural changes in the industry, as well as positive market conditions and solid operational execution. At $4.1 billion Micron’s revenue grew by 1.6% sequentially and 97.6% annually (last year did not include Elpida earnings), and its net income more than doubled sequentially. DRAM revenues were flat sequentially as both sales volumes and average selling prices remained stable. NAND Flash revenue grew by 11% sequentially on account of a 35% increase in sales volume which was partially offset by an 18% decline in average selling price.
Read more about these Micron market dynamics here.
