Sandisk's new solid state drive is displayed at the Sandisk booth during the 2014.
Credit: /Pichi Chuang
- Memory chipmaker SanDisk Corp forecast current-quarter and full-year 2015 revenue well below Wall Street expectations, saying it would be unable to meet demand for flash memory storage chips until the mid-year, due to lean inventory levels.
Shares of the company, which supplies memory chips for Apple Inc's iPhones, fell about 8 percent to $74.05 in after market trading.
The company forecast first-quarter revenue of between $1.40 billion and $1.45 billion on a post-earnings conference call on Wednesday. Analysts were expecting revenue of $1.60 billion, according to Thomson I/B/E/S.
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