Welcome to our dedicated page for Corsair Gaming news (Ticker: CRSR), a resource for investors and traders seeking the latest updates and insights on Corsair Gaming stock.
Company Overview
Corsair Gaming, Inc. (CRSR) is widely recognized for its commitment to excellence in the provision of high-performance gear, computer peripherals, and components specifically tailored for gamers, content creators, and PC enthusiasts. With a rich heritage dating back to 1994, Corsair has evolved from pioneering the high-performance DRAM market to developing a diverse product portfolio that caters to both performance demands and immersive user experiences.
Core Business and Product Portfolio
The company operates through two primary segments: Gamer and Creator Peripherals and Gaming Components and Systems. Its extensive range of products includes:
- PC Cases, Keyboards, Mice, and Headsets
- High-efficiency Power Supplies
- Gaming Computers and Chairs
- Mousepads and Other Accessories
These product categories not only serve the enthusiast and professional gamer communities but also support a broader market of content creators and technology aficionados. The integration of innovative design with robust engineering assures a consistent consumer experience that prioritizes performance, reliability, and aesthetic appeal.
Market Position and Industry Significance
Corsair Gaming, Inc. holds a significant position in the competitive landscape of computer hardware and gaming technology. The company leverages its longstanding expertise to continuously develop products that meet the evolving demands of high-end gaming, esports professionals, and content creators. The strategic emphasis on performance and durability helps Corsair differentiate itself by offering products that deliver an unmatched user experience. This balance of innovation and reliability has established the brand as a trusted name among discerning users who demand precision-engineered solutions.
Operational Excellence and Global Reach
With operations spanning across the Americas, Europe and the Middle East, and the Asia Pacific region, Corsair derives its revenue from a globally diversified market. This international presence not only enables the company to tap into various regional consumer preferences but also reinforces its stature as a major player in technology-driven performance components. Corsair’s operational strategy is marked by its focus on both direct consumer engagement and distribution partnerships, aimed at enhancing product accessibility and maintaining a robust market footprint.
Innovation and Technological Expertise
At the core of Corsair Gaming, Inc. lies a dedication to innovation and technological advancement. The company consistently integrates advanced engineering principles with cutting-edge design to address the dynamic needs of a tech-savvy audience. Whether it is through refining cooling systems, optimizing power efficiency, or enhancing the ergonomics of its peripherals, Corsair continually seeks to push the boundaries of performance-driven design. This proven commitment to innovation is a testament to the company’s resilience in an industry defined by rapid technological change.
Consumer and Industry Impact
The influence of Corsair extends beyond hardware; it is a brand synonymous with reliability and quality in the arena of high-performance computing. Enthusiasts and professionals alike rely on Corsair for building robust, efficient systems that support both gaming and content creation endeavors. The company’s focus on delivering products that combine functionality with aesthetic design has reinforced its reputation as a cornerstone in the PC gaming and computer technology sectors.
Looking at the Bigger Picture
By addressing the nuanced needs of different market segments, Corsair Gaming, Inc. has successfully carved a niche in an increasingly competitive industry. Its diverse product range is supported by a legacy of technological prowess and a forward-thinking approach that continues to define its operations. Whether through reinforcing existing product lines or introducing new innovations, Corsair remains devoted to the principles of quality, performance, and deep consumer understanding.
SCUF Gaming, a subsidiary of Corsair Gaming (NASDAQ:CRSR), has launched the SCUF H1 customizable wired gaming headset, designed for competitive gamers. Incorporating technology from the award-winning CORSAIR VIRTUOSO headset, the H1 offers a lightweight design, immersive sound, and a high-resolution interchangeable microphone. Priced at $129.99, the headset features customizable options including speaker tags and memory foam earpads. It is compatible with devices equipped with a 3.5mm headphone port, making it a versatile choice for gamers.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced that it expects 2020 full-year net revenue to reach $1,651 million to $1,666 million, with a growth rate of approximately 50% to 52%. The company also anticipates adjusted operating income to be $186 million to $192 million, indicating a growth of 183% to 192%. The ongoing success in their Gaming and Creator segments is attributed to strong sales of streaming products and high-end PC components. Corsair is set to discuss these results further at upcoming conferences.
Corsair Gaming (NASDAQ:CRSR) reported a strong third quarter for 2020, achieving $457.1 million in net revenue, a 60.7% increase year-over-year. The gamer and creator peripherals segment saw a remarkable growth of 128.8%, contributing $161.6 million in revenue, while gaming components and systems delivered $295.5 million with 38.3% growth. Gross profit rose by 112.4% to $127.9 million, enhancing the gross margin to 28.0%. The company anticipates full-year revenue between $1,616 million and $1,631 million.
Corsair Gaming, Inc. (NASDAQ:CRSR) has announced the acquisition of Gamer Sensei, the largest esports coaching platform, which connects gamers with experienced coaches. Founded in 2016, Gamer Sensei has coached over 100,000 gamers and offers personalized coaching for popular games such as Fortnite and DOTA 2. This strategic acquisition aims to expand Corsair's gaming portfolio and enhance its service offerings. CEO Andy Paul expressed optimism about providing gamers with needed coaching and training to improve their performance. Gamer Sensei will operate as a subsidiary along with other brands like Elgato and SCUF Gaming.
Corsair Gaming (NASDAQ:CRSR) has acquired EpocCam, a popular video app with over 5 million downloads that transforms iOS devices into wireless HD webcams. This acquisition aims to enhance Corsair's content creator offerings through its Elgato subsidiary, with EpocCam's lead developer joining as a Principal Software Engineer. The relaunch of EpocCam focuses on improved user experience and integration within Elgato's ecosystem, facilitating seamless streaming and recording for users. Further updates for the app are already underway.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced its third quarter 2020 earnings release scheduled for November 10, 2020, prior to market opening. A conference call will follow at 5:30 a.m. Pacific Time to discuss the results. The company will also participate in various investor conferences, including the Stifel Midwest 1x1 Growth Virtual Conference on November 11, and the Credit Suisse Virtual Technology Conference on November 30. Corsair is a leader in high-performance gaming gear, catering to gamers and content creators.
Corsair Gaming has launched the HS75 XB WIRELESS Gaming Headset, the first officially licensed headset for Microsoft Xbox. Compatible with Xbox One and Xbox Series X/S, it features Dolby Atmos for immersive sound, a noise-cancelling microphone, and custom-tuned 50mm neodymium drivers. The headset connects directly to Xbox consoles without a receiver and offers 20 hours of battery life. With plush ear pads and a durable aluminum frame, it is designed for comfort. The HS75 XB WIRELESS is available now through Corsair's webstore and authorized retailers, backed by a two-year warranty.
CORSAIR has launched the HS60 HAPTIC Gaming Headset, enhancing its HS Series of PC headsets. This innovative headset features haptic bass technology from Taction Technology®, providing an immersive sound experience by allowing users to feel low-end sounds like explosions. It offers custom-tuned 50mm neodymium drivers, a detachable microphone, and adjustable ear cups for comfort. The HS60 HAPTIC is available now online and through authorized retailers, backed by a two-year warranty. Pricing details can be found on the CORSAIR website.
CORSAIR (NASDAQ: CRSR) announces the launch of the K60 RGB PRO, featuring CHERRY VIOLA keyswitches, delivering an enhanced gaming experience. The keyboard boasts a durable aluminum frame, vibrant per-key RGB backlighting, and precise mechanical keyswitches, ensuring reliable performance. Additional variants include the K60 PRO with single-color LED, the K60 RGB PRO SE with a cushioned palm rest, and the K60 RGB PRO LOW PROFILE. All models are available immediately from the CORSAIR webstore and authorized retailers, backed by a two-year warranty.
Corsair Gaming, Inc. has launched the CORSAIR K100 RGB, a premium gaming keyboard featuring cutting-edge CORSAIR AXON Hyper-Processing Technology. This technology allows for inputs to register up to four times faster than standard keyboards. The K100 is available in two versions: mechanical with CHERRY MX SPEED Silver keyswitches and optical-mechanical with CORSAIR OPX keyswitches. The keyboard includes a refined aluminum frame, dedicated macro keys, and a multi-function iCUE control wheel for enhanced performance and customization. It is available now with a two-year warranty.
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