3 Things Micron Technology, Inc. Management Wants You to Know
Right now, the market for computer memory products is positively booming. That demand, coupled with what appears to be continued discipline among the major players with respect to manufacturing capacity, has led to a surge in industrywide profits.
One such major player, and clear beneficiary from this trend, is U.S.-based memory specialist, Micron (NASDAQ: MU). Micron saw its revenue pop 92% year-over-year last quarter, with gross profit margin surging from about 18% in the prior year to 48% in the most recent quarter.
Image source: Micron.
Source: Fool.com