View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 1, 1997updated 01 Sep 2016 4:09pm


By CBR Staff Writer

The Japanese electronics giant, Hitachi Limited, has dropped its profit forecast for the year to March 31 by 15% to $740m, following the collapse in the world wide price of DRAM chips together with disappointing sales of electrical goods, the company said. Revenue figures have also been downgraded by 8% to $71.043bn. Hitachi is one of a host of companies affected by the depressed price of the DRAM, a standard memory component in current personal computers. Korea’s LG Electronics Inc and Texas Instruments Inc have both been complaining about the problem, and Motorola Inc has chosen to exit the market altogether. Prices for the chip have fallen from around $30 last year to as low as $7. Sales of domestic appliances have also been hit by Japan’s increased national consumption tax, raised to 5% from 3% in April. Hitachi’s announcement mirrors similar pessimistic news from Japanese electronics giant Sharp Corp last week which is predicting its first profits decline in five years

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.