Says long term drivers like hybrid working still intactsaid on Tuesday it expects the downturn in spending by business customers which hit its third quarter sales to be temporary, after the computer accessories maker reported a sharp drop in sales and profit.
"At the end of the day, this is part of the cycle. We've had a long strong growth cycle and now we're in a cycle of adjustment," he said. Still, long-term growth trends which have propelled Logitech, like gaming and hybrid working between the office and home, remained intact, he added.
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Their sales slumped because they discontinued their most popular products and are replacing the rest with low-rent junk at sky-high prices.