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Kingston reports record revenues

Company brings in $6.5b for 2010, highest figure in its history

David Sun, co-founder, Kingston said the record results were due to improving global economy and hard-working employees.
David Sun, co-founder, Kingston said the record results were due to improving global economy and hard-working employees.

Memory product company Kingston Technology Corporation has announced record global revenues for 2010 of $6.5b. This figure is the highest ever in company history.

Kingston said that the $2.4b increase in sales over 2009, which totalled $4.1b was due to a rise in average selling price 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 average selling prices for most of its product lines in 2010, particularly during the first quarter.

The company also reported healthy demand from both corporate customers and consumers showing in an increase in sales in OEM and Flash business divisions.