Marvell are a well-known manufacturer of hard drive and flash based storage solutions and if the company predictions are correct, they could be in for a bumper profit this financial quarter.
The company expects their profits to be somewhere in the region of $700 million to around $740 million in the first quarter, setting a benchmark nicely above the Wall Street estimates of around $710.8 million should their current rate of sales and growth continue.
This could be in part due to the new Blackberry 10 smartphone, which is fitted out with Marvell chips. The rise in popularity for this handset will have helped them gain a better market share. Add to this the fact that both Western Digital and Seagate are big customers of Marvell’s hardware, both of whom have seen a better than estimated quarter in the same period, the benefits of which have been passed onto Marvell’s bank balance.
There is no doubt in my mind that flash memory and mobile storage solutions are going to be bigger this year than ever before, this certainly seems like the start of a good period for Marvel and the by-product of this could be cheaper and better storage solutions hitting the market over the next couple of years.