Western Digital Announces Q1 2011 Revenue, Income, Earnings

Western Digital Corp. (NYSE: WDC) today reported revenue of $2.25 billion, hard-drive unit shipments of 50 million and net income of $146 million, or $0.62 per share, for its third fiscal quarter ended Apr. 1, 2011. The company's results include expenses of $10 million associated with the planned acquisition of Hitachi Global Storage Technologies announced Mar. 7, 2011. Excluding the acquisition-related expenses, non-GAAP net income was $156 million or $0.66 per share.

WD Introduces 6 TB External HDD to Support Increased HD Content Creation by Pros

Western Digital, the world's leader in external storage solutions, today introduced its My Book Studio Edition II dual-drive storage system with a massive 6 terabytes (TB) of storage to meet the capacity needs of today's creative pros and Mac enthusiasts who create, store, edit and archive large HD video and photo files. The new capacity provides users 33 percent more storage than the previous capacity, while maintaining the same footprint.

Western Digital outships Seagate in 2010

Western Digital stripped Seagate of its leading spot in the hard drive market during the first quarter of 2010 and the company maintained that lead throughout the year. According to Information Network, total hard drive shipments grew 17.1% to 653.5 million in 2010 and Western Digital represented 31.4% of the market, nearly two percentage points ahead of Seagate's share of 29.6%. Hitachi took third place in overall shipments with 16.4%, ahead of Toshiba/Fujitsu at 12.6% and Samsung at 9.2%.