MILPITAS, Calif.( TheStreet) -- SanDisk (SNDK - Get Report), which posted strong fourth-quarter results last week, will reap the benefits of the mobile explosion in 2011, according to CEO Sanjay Mehrotra.
"The biggest driver of growth in 2011 is smartphones and tablets," he told
TheStreet. "Third-party estimates put the
|SanDisk CEO Sanjay Mehrotra says that 2011 will be a big year in Flash Memory.|
SanDisk, which provides Flash memory hardware for a slew of companies, including Apple (AAPL - Get Report) and Motorola (MMI - Get Report), is confident that consumers will snap up increasingly tricked-out phones.
"I think that you're going to see features related to higher-res cameras, better screens and improved resolutions," said Mehrotra. "In addition to increasing numbers of Flash units, average capacities will increase on each of these units."SanDisk duly offered up healthy guidance after market close last Thursday. The storage firm, which does not provide an earnings forecast, expects first-quarter sales between $1.2 billion and $1.275 billion, above analysts' estimate of $1.18 billion. For the full year, SanDisk is looking for a revenue range of $5.3 billion to $5.7 billion. Analysts surveyed by Thomson Reuters had predicted sales of $4.8 billion. Mehrotra explained that tablets are also helping push SanDisk's sales northward. "I think that we will see tablets from multiple manufacturers that will drive this category," he said. "At CES, more than 60 tablet models were announced