Taiwan-based reminiscence module maker Team Group shall be aggressively increasing gross sales of its high-margin gaming and industrial merchandise to reinforce additional its profitability in 2019, in line with firm chairman Danny Hsia.
Hsia additionally expressed optimism about Team Group’s SSD shipments this yr, pushed by reminiscence chip costs which were falling since 2018. The firm loved sturdy SSD cargo progress within the first two months of 2019, when revenues elevated 11.7% from a yr earlier.
Team Group’s general shipments this yr are anticipated to be 30-40% increased than 2018 ranges, mentioned Hsia, including that revenues will develop round 10% on yr. Falling chip costs have affected the corporate’s product ASPs however pushed cargo progress, Hsia continued.
Nevertheless, DRAM and NAND flash costs are more likely to cease falling within the third quarter of 2019, Hsia commented. Team Group expects revenues this yr to hit one other report excessive of practically NT$eight billion (US$259.5 million), with an on-year enhance in income.
Team Group posted revenues of NT$7.2 billion in 2018, up 5.5% on yr and hitting a report excessive. EPS for the yr got here to NT$3.04.
