Kingston record 2010 revenues may indicate a recovering economy
Kingston Technology Revenues Climb to Record $6.5 Billion in 2010
–Company Achieves Highest Sales Year Ever Since Founding in 1987
Fountain Valley, CA — March 14, 2011 — Kingston Technology Corporation, the independent world leader in memory products, today announced that its global revenues in 2010 soared to a record $6.5 billion (U.S.), the highest ever in company history. The $2.4 billion increase in sales over 2009 was attributed primarily to a rise in average selling price (ASP) and increased shipment volume.
“Our company was able to take advantage of an improving global economy as well as catch some lucky breaks to achieve our best sales year ever in 2010,” said David Sun, co-founder, Kingston. “We are very fortunate to have dedicated and hard-working employees who work tirelessly alongside our partners and vendors to make sure that Kingston’s customers are treated with respect and always taken care of.”
Kingston saw a rise in ASP for most of its product lines in 2010 particularly during first quarter, a trend which continued for the remainder of the year. Demand was also healthy from both corporate end customers and consumers, as evidenced by growth in the OEM and Flash business divisions.
Kingston’s revenues were $4.1 billion in 2009. The company’s second-highest grossing year was in 2007, when sales reached $4.5 billion. Kingston first reached the $1 billion mark in global sales in 1995, surpassing it with $2 billion in 2004 and $3 billion in 2005.
For detailed information please visit the Kingston Web site at www.kingston.com.
About Kingston Technology Corporation
Founded in 1987, Kingston Technology Corporation offers a wide range of quality memory products and services designed for increased productivity and overall system performance. Through its ownership of Kingston Technology Company, Inc. and Kingston Digital, Inc., Kingston Technology Corporation is one of the world’s leading manufacturers of memory modules and digital media products.
This is wonderful news and a big congratulations to Kingston! Of course, with the latest unrest and disasters, recovery is still fragile, yet it is one more sign of technology leading the way for a recovering economy. Next month ABT intends to visit the Kingston headquarters for a facilities tour and interview.
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