Kingston Technology Corporation, the independent world leader in memory products, has announced that its global revenues in 2010 soared to a record $6,5-billion (R45,1-billion), the highest ever in the company’s history.
The $2,4-billion (R16,7-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,” says 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 are always taken care of.”
Kingston saw a rise in ASP for most of its product lines in 2010, particularly during the 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 (Original Equipment Manufacturer) and Flash business divisions.
Kingston’s revenues were $4,1-billion (R28,45-billion) in 2009. The company’s second-highest grossing year was in 2007, when sales reached $4,5-billion (R31,2-billion).
Kingston first reached the $1-billion (R6,9-billion) mark in global sales in 1995, surpassing it with $2-billion (R13,9-billion) in 2004 and $3-billion (R20,8-billion) in 2005.