The pair posted less than flattering numbers for third quarter of their fiscal ’19 that were caused by floppy demand in corporate land.
WD fared the worst of the two: sales for the quarter ended 29 March fell 26.7 per cent year-on-year to $3.7bn, with hard disks down 20.4 per cent to $2.1bn and flash sliding by a third to $1.6bn.
Western Digital sees storage sun rise in NVMe land... and slowly set on SATA, SAS SSDs
Miligan had warned about a “softening business environment” three months ago at the last quarterly results call, due to lower demand for smartphones, a slowdown in purchases from the hyper scale vendors and bad shit happening politically in parts of the world.
To offset this, WD identified $800m of overheads to fling overboard, including chopping a bunch of workers.
WD now expects total disk exabyte shipments in capacity to be flat or slightly up this year.