Logitech made hay during the pandemic but like many businesses dependent on the PC ecosystem, turnover is tanking and income is tumbling.[PDF] for Q2 ended 30 September, down 12 percent year-on-year. For those six months, Logitech booked revenue of $2.308 billion, down a near $310 million on the same period of 2021.
President and CEO Bracken Darrell said the company has twenty new products to lure consumers for the holidays because nothing says you love someone like a new mouse. This lineup, he says, can “tap into the long-term trends of hybrid work, video everywhere, gaming and digital content creation.” Nearly all product divisions reported declining sales in the quarter: Pointing Devices was down two percent to $185 million; Keyboard and Combos fell 15 percent to $200.8 million, Gaming was down 10 percent to $297.6 million, and PC Webcams shrank 36 percent to $60 million.The PC market swelled in 2021, in terms of the number of units shipped, but inflation and other factors have taken a toll in 2022, with declines recorded in calendar Q1, Q2 and a sharp correction in Q3.
paulbrislen Is that where PCs come from?