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- 9 February 2010 18:27
Kingston Technology Revenues Steady in 2009 at $4.1 Billion
Sydney, Australia: February 9, 2010 - 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 modest 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 favor,” 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.
For detailed information please visit the Kingston Web site at www.kingston.com/anz..
To discuss this product on Kingston Blog, please go to www.kingston-blog.com.
To try the game “Challenge Your Memory”, please go to
www.kingston-blog.com/challenge_your_memory/en/. To get the freshest information on Kingston, please go to http://twitter.com/KingstonFEPR.
To find out if your Kingston product is genuine, Kingston also provides an online verification site: www.kingston.com/asia/verify. To try the game “Search for Genuine Kingston”, please go to http://anti-counterfeit.kingston-blog.com. For the interesting animation: The Adventures of Rex, please visit: www.theadventuresofrex.com.
About Kingston Technology Company, Inc.
Kingston Technology Company, Inc. is the world's largest independent manufacturer of memory products. Kingston designs, manufactures and distributes memory products for desktops, laptops, servers, printers, and Flash memory products for PDAs, mobile phones, digital cameras, and MP3 players. Through its global network of subsidiaries and affiliates, Kingston has manufacturing facilities in California, Taiwan, China, Malaysia and sales representatives in the United States, Taiwan, China, India, Australia, New Zealand, Vietnam, Europe, Russia, Turkey, and Latin America. For more information, please visit www.kingston.com/anz.
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