AAPL Stock: 119.04 ( + 1.23 )

Printed from

Fusion-io shares drop after Apple, Facebook delay SSD orders

updated 05:53 am EST, Thu January 31, 2013

Apple, Facebook make up 55-percent of sales revenue

SSD maker Fusion-io has cut down its revenue forecast after Apple and Facebook delayed their orders. Forecasted revenue received for the year ending June 2013 has been changed to between $420 and $440 million from the earlier $521 million to $539 million estimate, the news of which caused Fusion-io share prices to drop 21-percent.

Of the $359 million in sales the previous financial year, Apple contributed a quarter of the figure, while Facebook makes up 30 percent of it, writes Reuters. Fusion-io chief financial officer Dennis Wolf claimed the "change in our guidance reflects a two-quarter shift in the timing of their bulk purchases."

The company, with Apple co-founder Steve Wozniak employed as its chief scientist, earned a net income of $1.7 million for its second quarter, an improvement on the $5.7 million net loss in the same period the year previously. Before the 21-percent drop after the news was released, Fusion-io had seen its shares fall around 19 percent in value over a three-month period.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented