Kingston Technology lauds 'best year ever'

Memory and flash vendor attributes rise to ASP increases and larger shipments

Kingston Technology has smashed through the $6.5bn (£4bn) mark with its 2010 financial results, claiming it is its ‘best year ever’.

The stellar results, up $2.4bn on the memory maker’s 2009 results, was attributed primarily to a rise in average selling price (ASP) and increased shipment volume.

Demand was also healthy from both corporate end customers and consumers, backed up by growth in the OEM and Flash business divisions, Kingston claimed.

David Sun, co-founder of Kingston Technology, said: “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.

“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.”

The vendor first reached the $1bn sales mark in 1995, doubling to $2bn in 2004 and $3bn in 2005. In 2009 the vendor’s revenues were $4.1bn, with its second-highest grossing year being 2007, with sales of $4.5bn.