Tomahawk, WI 04/15/2014 (Basicsmedia) – The largest U.S. maker of memory chips, Micron Technology, Inc. (NASDAQ:MU) announced its fiscal Q2 sales that have gone on to beat analysts’ estimates. This has happened because limited supplies had bolstered prices amid low demands for computers and phones.

Revenues and income

The Boise, Idaho-based company said in a statement, earlier this month that its net income for the period ended in February stood at $731 million, compared to a loss of $286 million a year earlier. During this period, the revenue of the company also remained firm at $4.11 billion.

Micron Technology, Inc. (NASDAQ:MU) has been trying to consolidate the industry and even went on to buy Japanese rival, Elpida Memory Inc. last year.

Micron’s president, Mark Adams said that in spite of the depressed demand for personal computer shipments, the market place for computing memory has stayed solid. He added that it was a good time in memory and that the performance of the company had been significantly better when compared to the previous decade.

Better move

The motion to acquire Elpida was probably a good move made by Micron. It bought Micron a big huge chunk of the DRAM market, which helped it gain scale and also more return on its investments. The company also added a type of DRAM used in smartphones, which require less power consuming chips. As well, by removing Elpida’s independence, Micron managed to restrict the number of companies constructing new plants. The output of the industry has also been curtailed to just three major companies, i.e. Samsung, Micron and SK Hynix.

The U.S. memory maker also manufactures NAND flash memory chips and semiconductors that are used for data storage in mobile devices. These forms of french fries are also working their way into computers in the shape of solid state drives (SSDs), which are gradually substituting the normal hard disks so far.

Micron Technology, Inc. (NASDAQ:MU) is presently, the largest remaining U.S. manufacturer of dynamic random access memory chips, semiconductors that provide the primary memory in personal data processors. Due to recent decline in the computer market and the increasing use of smartphones, tablets, consumers of such memory have been gradually declining too.

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