SanDisk Corp, the world's largest supplier of flash-data storage products, said it expects to see huge revenues generated from its new products, including the world's fastest flash-memory cards, which it launched yesterday.
"I believe there is huge market opportunity for our products following the prevalence of various electronic devices such as digital cameras," Nelson Chan, senior vice president at SanDisk's retail unit, said yesterday at a press conference.
Purchases of digital cameras, which store photos on flash-memory cards, have seen continued growth. Chan said some 41 million digital cameras will be sold this year and the figure is expected to increase to 71 million in 2005, citing statistics provided by the international research company International Data Corp (IDC).
Chan said the company is also targeting the continuing boom in multimedia cellphones to sell its staple memory cards. The so-called SD memory card is a postage-stamp-sized device jointly developed by Matsushita Electric Industrial Co, Toshiba Corp and SanDisk.
IDC forecasts that 125 million multimedia mobile phones will be in use by 2005, so the expected demand for memory cards will jump from 92.8 million units this year, to 197.8 million, or a stunning 113 percent growth, in 2005, Chan added.
The California-based SanDisk, which has established over 50,000 retail stores worldwide, has developed a number of data-storage devices used for consumer-electronics products. Its universal serial bus (USB) flash drive, also known as a pen drive, hit the market recently.
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Yeh also suggested the company not be overly optimistic, as its earnings will lessen amid fierce competition.
"This is a phenomenon that applies to all kinds of high-tech products, particularly standardized ones," Yeh said. "Consumers usually have little loyalty for this category of products ... just like many people still tend to buy the cheapest floppy disks on the shelf."
But Alex Chan (陳財漢), the company's retail sales manager for the Asia Pacific region, yesterday said he has confidence in the attraction of SanDisk's brand name.
"We can absolutely sustain our place in the market, even if our counterparts launch a price war ... because we have a price-edge over them," he added.
Sales of SanDisk memory cards in Taiwan outperform other markets in Asia. But China may soon overtake Taiwan, as SanDisk is eagerly expanding its market share in China over the next 12 to 18 months, Chan said.
SanDisk's sales rose from US$366.3 million in 2001 to US$541 million last year, and is expected to climb to US$950 million by the end of this year. In its competition with such firms as Sony Corp, Samsung Electronics Co and Toshiba, SanDisk was able to grab about 27 percent of the global memory-card market last year.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained