More from SanDisk's call: Retail sales +34% Y/Y in Q1 and now 38% of revenue - SanDisk cites...

|By:, SA News Editor

More from SanDisk's call: Retail sales +34% Y/Y in Q1 and now 38% of revenue - SanDisk cites share gains and strong demand for memory cards for smartphone use. Commercial sales only +1%, as strong SSD and embedded mobile sales (iNAND) were offset by weaker sales of bundled cards to OEMs. ASPs +2% Q/Q, with higher NAND prices and a greater mix of SSD sales partly offset by retail price declines. SanDisk's average retail card capacity stands at 11GB, whereas average OEM card capacity is only at 6GB. $90M in Q1 buybacks at an avg. price of $50.97.