SanDisk revenue drops 11 percent to $1.54 billion in Q4 2015

SanDisk Introduces Automotive Grade Flash Storage Solutions for Infotainment Systems and the Fast-Growing ‘Connected Car’ Market
SanDisk revenue fell 11 percent to $1.54 billion in Q4 2015, and decreased 16 percent to $5.56 billion in 2015.

Q4 net income of SanDisk dipped to $135 million from $202 million.

“I am pleased to report an excellent fourth quarter finish to 2015 driven by strong performance in enterprise and retail,” said Sanjay Mehrotra, president and chief executive officer, SanDisk.

“We also achieved an important milestone in beginning our multi-year conversion to 3D NAND, with first retail product shipments and initial OEM customer sampling in the fourth quarter,” said Mehrotra.

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