Jan 24 (Reuters) – Data storage device maker Western Digital Corp reported a bigger-than-expected 20.7 percent fall in quarterly revenue on Thursday, adding to concerns over a China-led slowdown in smartphone demand.

The company’s loss narrowed to $487 million, or $1.68 per share, in the second quarter ended Dec. 28, from $823 million, or $2.78 per share, a year earlier. [reut.rs/2FKU1MV ]

Revenue fell to $4.23 billion from $5.34 billion.

Analysts on average had expected

Read More At Article Source | Article Attribution