Kingston Technology has announced that its global revenues in 2010 soared to a record US$6.5 billion, the highest ever in company history. The US$2.4 billion increase in sales over 2009 was attributed primarily to a rise in 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.
Kingston saw a rise in ASP for most of its product lines in 2010 particularly during the first quarter, a trend which continued for the remainder of the year, the company said. Demand was also healthy from both corporate end customers and consumers, as evidenced by growth in the OEM and flash business divisions.
Kingston generated US$4.1 billion in 2009 revenues. The company's second-highest grossing year was in 2007, when sales reached US$4.5 billion. Kingston first reached the US$1 billion mark in global sales in 1995, surpassing it with US$2 billion in 2004 and US$3 billion in 2005.