Bangkok--15 Mar--Professional Media Business
Kingston Technology Revenues Climb to Record $6.5 Billion in 2010 Company Achieves Highest Sales Year Ever Since Founding in 1987
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.
Kingston was ranked No. 1 in the world by independent research firm iSuppli in the third-party DRAM module market for the first six months of 2010. According to the report, Kingston’s market share of the total third-party memory module was 45.8%, surpassing the second place supplier (7.6%) by 38.2 percentage points.
2010 1H iSuppli Third-Party DRAM Module Supplier Revenues
2010 Rank Company 2010 Revenue* 2010 Market Share
1 Kingston 2,562 45.8%
2 A-Data 423 7.6%
3 Ramaxel 392 7.0%
4 Crucial 330 5.9%
5 Smart Modular 326 5.8%
Others 1,562 27.9%
Total 5,595 100.0%
* Revenue in U.S. Millions Source: iSuppli Corp., November 2010
For detailed information please visit the Kingston Web site atwww.kingston.com/thailand.
For more information please contact:
PR Team, Kingston Technology : Thipchon Theprungsirikul(FOUN), Nattawee Prommanee (JAH)
TEL: 02-530-3218, 084-669-9240, 089-414-9227
Email :
[email protected],
[email protected]