Logitech Witnesses Increased Sales Amidst Coronavirus Pandemic
May. 12, 2020Logitech has noticed an increased demand for its product lineup in the past three months as a significant number of people have adopted the work-from-home lifestyle that requires good quality video conferencing tools such as webcams, something Logitech has a good amount to supply.
In an earnings call, the company said it witnessed an increase in net sales accounting to $709.2 million for the fourth fiscal quarter, as compared to $624.3 million it generated last year.
“We have delivered five consecutive years at or near double-digit growth, and Logitech’s products have never been more relevant,”said Logitech president and CEO Bracken Darrell in a statement.“Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn’t changed these trends: it has accelerated them.”
Also, as you might be aware, people have turned to games to keep themselves entertained during the pandemic. As a result, Logitech has seen an increased interest in its peripheral devices lineups such as computer mice and keyboards as well.
Subin writes about consumer tech, software, and security. He secretly misses the headphone jack while pretending he’s better off with the wireless freedom.
