{"id":873,"date":"2020-11-24T12:38:21","date_gmt":"2020-11-24T12:38:21","guid":{"rendered":"https:\/\/mobilemall.co\/blog\/?p=873"},"modified":"2024-05-07T10:46:40","modified_gmt":"2024-05-07T10:46:40","slug":"logitech-sales-surgeas-working-from-home-boosts-demand","status":"publish","type":"post","link":"https:\/\/mobilemall.co\/blog\/logitech-sales-surgeas-working-from-home-boosts-demand\/","title":{"rendered":"Logitech Sales Surge as Working From Home Boosts Demand"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Logitech has reported a 13.6% increase in quarterly sales due to the surge in <a href=\"https:\/\/mobilemall.co\/blog\/make-your-next-remote-town-hall-meeting-more-interesting\/\">remote work<\/a> during the coronavirus pandemic. The company&#8217;s sales rose to $709.2 million in the three months ending March, up from $624.3 million the previous year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Remote Work  Demand for Logitech Products<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As schools and offices shut down, people turned to Logitech&#8217;s video conferencing equipment,<a href=\"https:\/\/mobilemall.co\/blog\/a-guide-to-choosing-the-right-software-for-your-business\/\"> <\/a><a href=\"https:\/\/mobilemall.co\/blog\/ethical-hacking-tools-of-the-trade-exploring-key-software-and-techniques\/\">software program<\/a><a href=\"https:\/\/mobilemall.co\/blog\/a-guide-to-choosing-the-right-software-for-your-business\/\"> <\/a>and webcams to stay connected. This led to a significant increase in sales, particularly in the Americas and Asia Pacific regions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gaming and Streaming Also See a Boost<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With people spending more time at home, gaming and streaming have become increasingly popular. Logitech&#8217;s sales of<a href=\"https:\/\/mobilemall.co\/blog\/the-pros-and-cons-of-video-games-a-balanced-view\/\"> gaming keyboards<\/a>, <a href=\"https:\/\/mobilemall.co\/blog\/final-mouse-gaming-mouse-brand-review\/\">mouse and headsets<\/a> rose 8% despite a challenging comparison to the previous year&#8217;s Fortnite-driven demand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Logitech&#8217;s Strong Performance<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Logitech\">Logitech&#8217;s<\/a> operating income rose 23.3% to $79 million, beating expectations. The company&#8217;s annual non-GAAP operating profits also exceeded targets, reaching $387 million.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Positive Outlook<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Logitech has retained its forecast for mid-single-digit percentage revenue growth in constant currencies for the year ending March 2021, with operating profit expected to rise to $380-400 million. The company&#8217;s strong balance sheet and attractive stock make it a promising investment opportunity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stock Price Rises<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Logitech&#8217;s shares rose 3% in early trading on the Swiss exchange, reflecting the company&#8217;s strong performance and positive outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Logitech has reported a 13.6% increase in quarterly sales due to the surge in remote work during the coronavirus pandemic. The company&#8217;s sales rose to $709.2 million in the three months ending March, up from $624.3 million the previous year. Remote Work Demand for Logitech Products As schools and offices shut down, people turned to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[463,464],"class_list":["post-873","post","type-post","status-publish","format-standard","has-post-thumbnail","category-blog","tag-logitech","tag-logitech-sales-surge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Logitech sales surge as working from home boosts demand<\/title>\n<meta name=\"description\" content=\"Logitech reports a 13.6% surge in quarterly sales due to increased demand for remote work and gaming products during the coronavirus pandemic\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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