Memory maker Kingston continued its growth march in the year 2010 and ended the year with handsome figures by reporting record revenues of $6.5 billion, the highest in the company’s 25 year history. The good results are primarily attributed to a rise in average sales prices and improved demand generated by the economic recovery. In 2009, Kingston reported revenues of $4.1 billion.
“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 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.
