14 DAY TRIAL // Back in 2012, things were bad on the DRAM industry. Not as bad as in 2011, or 2010 and 2009, but bad enough that SKY Hynix, like many other companies, found themselves in the red.
That is to say, they lost money instead of making any sort of profit.
Now that the situation on the memory market is improving, however, SK Hynix' personal situation is getting better as well.
In fact, during Q1 2013, SK Hynix made KRW179 billion (US $159 million / €121 million), when in 2012, it lost KRW271 billion ($243 million / €186 million).
Revenue increased 2% sequentially and 16% on-year, thanks to a hike of 3% in DRAM shipments (sequential) and a rise in ASP (average selling price) of 4%.
All in all, it turned out better than the company expected.