Western Digital, the hard disk manufacturer and cloud service provider generated quarterly revenue of $4,381 million in Q3 2022a decline of almost 3% as compared to $4,833 million in Q2 2022.
In Q3 2022, Western Digital segregates its revenues into three segments namely Cloud ($1,774 million), Client ($1,732 million), and Consumer ($875 million) in the Q3 of 2022, and segregated its revenue based on geography: Asia ($2,400 million), Americas ($1,377 million), and Europe, Middle East, & Africa ($604 million).
Western Digital manufactures both hard drive and flash devices, whereas the cloud segment is a sizable and expanding market that is mostly made up of products for end users and public or private cloud settings. WDC offers a wide range of high-performance flash and hard drive solutions across personal computers, mobile devices, gaming, automobiles, virtual reality headsets, at-home entertainment, and industrial spaces to its original equipment manufacturer ("OEM") and channel customers through the client end market.
In the year 2019, the company reported a sudden drop in revenue because the manufacturing facilities for flash-based memory in Yokkaichi, Japan, experienced an unexpected power outage incident in June 2019. Flash wafers that were in production were damaged by the power outage incident, which also reduced the company's availability of flash wafers. The incident also had an impact on the facilities and process tools.
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