Digi-Key Corporation Sees Impressive Second Quarter Sales Results

THIEF RIVER FALLS, Minnesota, USA - July 20, 2010

Electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry's broadest selection of electronic components available for immediate shipment, today announced it has experienced an increase in global sales of nearly 85% for the second quarter of 2010 when compared to second quarter 2009.

"During the first quarter of 2010, Digi-Key's worldwide sales grew by more than 63% over first quarter sales in 2009. From the first quarter to the second quarter of 2010, we have already seen an increase of more than 16% in global sales," said Mark Larson, Digi-Key's president and COO. "The growth we have experienced in countries like Russia, Mexico, Brazil, China and India proves Digi-Key is on the map and that we are extending our reach to design engineers and purchasers around the globe. We are confident we will retain the market share we have gained in the past year."

As a franchised distributor of more than 470 of the world's leading suppliers of electronic components, Digi-Key has expanded its services to include more than 71 country-specific websites available in 19 languages and 10 currencies; Technology Zones and magazines for Lighting, Microcontrollers, Sensors and Wireless products; the Digi-Key iPhone application that provides access to Digi-Key's broad product offering for iPhone, iPad, and iPod Touch users; new products added daily; and new suppliers, such as recent additions to Digi-Key's line card Bridgelux and Rose+Bopla Enclosures, that recognize Digi-Key's global position.

During the first half of July, Digi-Key's worldwide sales have increased by nearly 89% over the same period in 2009 (July 1-July 16). As of June 30, 2010, worldwide sales increased by more than 74% when compared to sales for January through June of 2009. Additionally, Digi-Key's sales in Russia for the first half of 2010 increased by nearly 120% over sales for January through June of 2009. Sales for the month of June in Russia rose by more than 95% when compared to sales in June 2009.

Other countries that have experience increased sales year over year for January through June 2010 include:

  • Brazil – increase of 68.4%
  • China – increase of 342.76%
  • Estonia – increase of 99.22%
  • India – increase of 61.88%
  • Japan – increase of 139.92%
  • Lithuania – increase of 190.02%
  • Mexico – increase of 109.89%
  • Slovakia – increase of 224.97%
  • Ukraine – increase of 80.74%

 

"We are excited to see this growth in countries where Digi-Key sales had not been as active previously as they are today," Larson said. "We anticipate further growth throughout the remainder of 2010 as we continue to add to our broad product offering and educational resources for design engineers around the globe."

Digi-Key Corporation focuses on providing customers with superior service, which includes product selection and availability, on-time delivery, and responsiveness. Using leading-edge processes and state-of-the-art technologies, Digi-Key serves a global customer base from its 600,000 square foot facility in Thief River Falls, Minnesota, USA.

About Digi-Key Corporation

Digi-Key Corporation, based in Thief River Falls, Minn., is a global, full-service provider of both prototype/design and production quantities of electronic components, offering more than three million products from over 650 quality name-brand manufacturers. With over one million products in stock and an impressive selection of online resources, Digi-Key is committed to stocking the broadest range of electronic components in the industry and providing the best service possible to its customers. Additional information and access to Digi-Key's broad product offering is available on the Digi-Key website.