Digi-Key corporation achieves USD1.5 billion sales milestone

March 16, 2011 // By Julien Happich
Digi-Key corporation achieves USD1.5 billion sales milestone
Electronic components distributor Digi-Key Corporation surpassed USD 1.5 billion in global sales for the first time in 2010, generating a half-billion dollars in the fourth quarter alone. The record-setting total represents a 64 percent year-over-year sales increase for the electronic components distributor.

Design engineers, equipment manufacturers, innovators and hobbyists rely on Digi-Key for both prototype/design and production quantities of electronic components. The distributor offers more than 1.8 million products from more than 470 brand-name manufacturers worldwide, as well as engineering know-how, technical expertise and educational information to help customers successfully develop electronics.

“Our sales continue to grow because of our unparalleled presence online and immediate access to products and information,” said Mark Larson, Digi-Key president and COO. “Our customers know we have the products they want and we deliver around the world faster than anyone else.”

2010 Digi-Key sales increased at a rate almost double that of the industry. The strength of Digi-Key’s business model and the fact that it offers the industry’s greatest breadth of electronic components for off-the-shelf delivery have been significant factors in driving Digi-Key’s record breaking international sales growth. The largest annual 2010 sales gains were in Europe (120 percent), Africa (118 percent), Asia-Pacific (115 percent), and the Middle East (78 percent) over 2009 sales.

The company is projected to reach nearly $1.8 billion in worldwide sales for 2011. It publishes TechZone Magazine , an industry resource for microcontroller, lighting, wireless and sensor solutions. Digi-Key also offers product training modules , social interaction on Facebook and Twitter, iPhone and Android apps, Technical and Design Support Services and “Another Geek Moment” videos on the Digi-Key YouTube channel.

Visit Digi-Key Corporation at www.digikey.com


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