Chipmaker Micron’s profit falls 59 percent

(Reuters) – Memory chipmaker Micron Technology Inc reported a 59 percent fall in quarterly profit as demand stayed weak for its chips used in personal computers and a decline in selling prices. Net income attributable to Micron fell to $471 million, or 42 cents per share, in the fourth quarter ended Sept. 3, from $1.15 billion, or 96 cents per share, a year earlier. ( Revenue fell 14.8 percent to $3.60 billion. (Reporting by Anya George Tharakan in Bengaluru)

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