Kingston revenues reach US$3.8 billion in 2006
Kingston Technology’s revenues hit a record high of US$3.8 billion for 2006, with US$800 million coming from NAND flash products, according to company vice president David Sun. The 2006 revenues, which represent a 26% on-year growth, beat Kingston’s previous forecast, which estimated the company’s revenues would total US$3.6 billion for the year.
Although NAND flash prices plummeted during 2006, Kingston has managed to see growth in the segment, Sun said. Sun noted that NAND flash prices will continue falling next year amid increasing capacity from major makers. Despite the falling prices, Kingston’s product deployment for memory cards or flash drives in 2007 has a clear focus, that is, to aggressively develop the NAND market in order to increase the company’s share, according to observers. Though a relatively late comer to the NAND flash market, Kingston has managed to secure sufficient supply and maintain cost benefits due to its relationship with Toshiba, Sun had said previously.
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