Kingston Technology has announced revenues increased US$100 million to US$4.1 billion in 2009, its second-highest record. The memory-module house attributed the revenue growth to a rise in ASPs, healthier demand from corporate end customers and consumers, as well as its entry into the solid-state drive (SSD) market.
Kingston did not disclose profit results for 2009, but industry sources estimate that the company hit record profits, since both DRAM and NAND flash prices more than doubled during the year.
With a recovery taking place in the memory market, Kingston was able to benefit from a general rise in DRAM and flash pricing, company co-founder John Tu said in a statement. Tu also claimed that Kingston has gained a strong foothold in the SSD market, after tapping into the sector in early 2009.
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