The marked increase was largely the result of its thriving Flash memory business, which Kingston entered on a large scale in 2003.
Kingston's Co-founder, John Tu said, "Reaching $4.5 billion is a remarkable achievement in the history of our company. When David Sun and I started the company in 1987, we never dreamed that this level of success was possible. We owe it all to the hard work of our employees and their dedicated support of Kingston's industry partners, vendors, and our customers."
"Kingston stands committed to building a high-quality product backed by outstanding customer service. This was our foundation when we started 20 years ago and it remains our hallmark today. This dedication and conviction have allowed Kingston to endure and grow, even in today's tough market environment," said David Sun, Co-founder of Kingston.