Sandisk cuts Q4 sales outlook

The flash storage giant said that it sold fewer embedded drives for smartphones and tablets than expected.

Sandisk on Monday said that its fourth quarter sales will be lower than expected due to lower retail and iNAND product sales.

The company said fourth quarter revenue will be about $1.73 billion, down from the previous forecast of $1.8 billion to $1.85 billion.

Gross margins for the fourth quarter will be about 45 percent, down from the expected 47 percent to 49 percent.

Sandisk iNAND products cover embedded flash drives for smartphones and tablets. The lumpiness of the fourth quarter and consumer business highlights why Sandisk has been aggressively expanding into the enterprise and data center.

Also see: Why consumer storage companies are salivating over the enterprise