Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 09 May 2011 12:34

Toshiba gets back to black

Written by Nick Farell


But doom is forecast
Toshiba has said it has returned to profit for the year to March, but has warned that it could slide back into the red thanks to the earthquake and tsunami.

Toshiba reported a net profit of $1.7 billion dollars for the financial year, reversing a bottom line loss last year. The company's operating profit nearly doubled up 1.7 percent from the previous year, it said.

Profits and sales gains were mainly due to strong demand for television sets and its memory chips, which are used in smartphones and tablet computers. But it said "the outlook still remains uncertain" due to the impact of the disasters that paralysed the economy in northeastern Japan and crippled a nuclear power plant in Fukushima.

Toshiba was forced to close a chip-making factory in Iwate Prefecture in Japan's quake-hit northeast.  It has since cranked up production slowly. Supply chains have been broken and power shortages have hit production across key industries, with the impact of the disasters threatening to throw Japan's export-driven economy into a temporary recession, analysts say.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments