|
Kingston Technology Revenues Grow in 2009 to $4.1 Billion; Company Achieves Second-Highest Sales Year Ever Despite Economy
(M2 PressWIRE Via Acquire Media NewsEdge) Fountain Valley, CA -- Kingston Technology Corporation, the independent world leader in memory products, today announced that its global revenues in 2009 reached $4.1 billion (U.S.), a $100 million increase over 2008. Kingston's increase was attributed to a rise in average selling price, healthier demand from corporate end customers and consumers, and the company's entry into the solid-state drive (SSD) market. The rise in revenue marks a change from the previous year when an oversupply in chips and a weakened global economy led to a downturn in the memory industry.
"The memory market saw some financial recovery last year like many other industries and Kingston was able to benefit from the general rise in DRAM and Flash pricing," said John Tu, co-founder, Kingston . "We also expanded our product line when we entered the SSD market at the beginning of 2009 and within 12 months, have gained a strong foothold in this burgeoning area."
"A year ago at this time, we were bracing for a bad year. Our company was lucky to catch some good breaks along the way that worked in our favour," said David Sun, co-founder, Kingston. "Together, with the support of employees, partners, vendors and customers, we were able to get through some tough times and see better days ahead. We are very happy to be where we are."
The 2009 revenue figure marks Kingston's second-highest grossing year since beginning operations in October 1987. Kingston's highest-grossing year was in 2007, with revenues of $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.
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.
Editor's Note:
For additional information, evaluation units or executive interviews, please contact David Leong, Kingston Technology Company, Inc., 17600 Newhope Street, Fountain Valley, CA USA 92708, 714-438-1817 (Voice). Press images can be found in Kingston's press room at kingston.com/press/default.asp
Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. All rights reserved. All other marks may be the property of their respective titleholders.
((Comments on this story may be sent to info@m2.com))
(c) 2010 M2 COMMUNICATIONS
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
