 |
|
|
PRESS HOME
- 2009 RELEASES
- 2008 RELEASES
- 2007 RELEASES
AWARDS
- CORPORATE
- FLASH
- VALUERAM
KINGSTON PRESS IMAGES
- MEMORY
- FLASH
- CORPORATE
EUROPEAN PR AGENCIES
|
|
|
Kingston Technology Boosts Memory Shipments in 2008
Volume Up 41 percent as Company Revenues Finish at $4 Billion
Fountain Valley, CA – March 11, 2009 -- Kingston Technology Corporation, the independent world leader in memory products, today announced
that in 2008, it achieved a record 41-percent increase in total memory units shipped over 2007 volume. Despite oversupply, average selling price erosion
and a weakened global economy contributing to a down year in the memory industry, Kingston® gained significant market share in both DRAM and Flash memory.
The company’s global sales totaled $4.0 billion U.S., a $500 million decrease from record-setting revenues in 2007.
“Kingston, like our competitors, was affected by the industry downturn and memory chip saturation of 2008,” said John Tu, co-founder, Kingston. “However,
our strong finances and solid cash reserves allowed us to remain nimble and flexible as we adjusted and adapted to the ever-changing market conditions. We
consider ourselves very fortunate to be in a secure position given the current state of the economy.”
“We have always focused on improving efficiency but we’ve had to sharpen that focus during this tough time,” said David Sun, co-founder, Kingston. “The
storm is not over yet, but we will be alright moving ahead. Since our employees are as determined as John and I, and we have the continued support of our
partners, vendors and customers, we know things will work out just fine.”
Despite the drop in overall revenue, Kingston posted substantial increases in unit volume in all product lines: Flash memory, Branded memory, ValueRAM®
industry-standard memory and HyperX® for gamers and enthusiasts. Kingston first reached the $1 billion mark in global sales in 1995, surpassing it with
$2 billion in 2004 and $3 billion in 2005.
The rapidly emerging Middle East and Africa region grew by 21.57% in revenue, the fastest in the EMEA region, and shipped 100.27% more units compalatered
to 2007. “The MEA region is amongst the most rapidly growing emerging markets for Kingston” says Laurent Sirgy, Regional Director for Kingston Technology
Southern Europe, Middle East and Africa “We believe that this trend will continue in 2009 and beyond, and will enable us to sustain market share growth,”
For detailed information please visit the Kingston Web site at www.kingston.com/europe
About Kingston Technology Corporation
Founded in 1987, Kingston Technology Corporation offers a wide range of quality memory products and services designed for increased productivity and
overall system performance. Through its ownership of Kingston Technology Company, Inc. and Kingston Digital, Inc., Kingston Technology Corporation is one
of the world’s leading manufacturers of memory modules and digital media products. For more information, please call +44 (0)1932 738888 or visit
www.kingston.com/europe
Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. All rights reserved. All other marks may be the property
of their respective titleholders.
|
|
|
|
|
|
|
Was this page helpful?
| Optional Information: |
| We‘d appreciate more feedback regarding this page. |
|
|
|
|
|
|
|
|
