Japan-based Toshiba has just announced a third-quarter net profit of $151 million, and said these are largely due to the global demand for its flash memory chips for phones, cameras and tablets.
Also helping out these numbers was demand for LCD panels in cellphones and tablets. The result is a major turnaround compared to the same period in 2009, as Toshiba had a net loss of $129 million then.
Despite this, the electronics giant has left its profit outlook untouched for the year that ends in March while cutting the sales forecast for the fiscal year. This is due to a strong yen and unproven demand for some of its other products.
The September to December period also saw the profit at $210 million, compared to a net loss of $80 million in 2009. Overall profit during the same time compared at $458 million to $177 million in 2009.
The overall performance was also lower than analysts predicted.
Late in December, Toshiba sold its PS3 Cell plant to Sony and outsourced the production of chips to Samsung in a move to save money.
Much of Toshiba's profit came from supplying companies that are also rivals. Apple's new MacBook Air uses Toshiba's SSDs, and handhelds from both Apple and other companies also use flash memory from Toshiba as their main storage. 
source: electronista
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