Welcome to our dedicated page for Turtle Beach Corporation news (Ticker: HEAR), a resource for investors and traders seeking the latest updates and insights on Turtle Beach Corporation stock.
Turtle Beach Corporation (NASDAQ: HEAR) designs innovative, market-leading audio products that cater to a global audience. Under its award-winning Turtle Beach brand, the company offers a vast selection of highly acclaimed gaming headsets compatible with Xbox One, PlayStation®4, personal computers, and mobile/tablet devices. These headsets are recognized for their superior sound quality and ergonomic design, solidifying Turtle Beach as a leader in the gaming accessories market.
Beyond headsets, the company has expanded its product lineup to include game controllers, flight and racing simulation accessories, keyboards, mice, and high-quality microphones. Turtle Beach operates on a global scale, with products available through major retailers like Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart. A substantial portion of the company's revenue is generated during the holiday season, with North America being its largest market.
Through its HyperSound brand, Turtle Beach markets pioneering directed audio solutions utilized in digital signage, kiosks, consumer electronics, and hearing healthcare. These innovative products are designed to offer a more focused and immersive audio experience, making significant strides in both commercial and consumer sectors.
With nearly five decades of expertise in audio technology, Turtle Beach continues to innovate and expand its product offerings. The company's commitment to delivering high-quality audio solutions is evident in its numerous partnerships and recent achievements. Turtle Beach's financial condition remains robust, with continuous efforts to develop new technologies and enhance user experiences.
ROCCAT, Turtle Beach's Hamburg-based PC peripheral brand, is launching its new Elo™ series gaming headsets globally on October 4, 2020. The series includes three models: Elo 7.1 Air ($99.99), Elo 7.1 USB ($69.99), and Elo X Stereo ($49.99), featuring advanced audio technology and comfort features. Additionally, ROCCAT will introduce the Vulcan TKL keyboard ($129.99) and Sense AIMO XXL mousepad ($59.99) on the same day. These products emphasize high-quality materials and innovative design, aiming to enhance gamers' experiences.
On September 29, 2020, Turtle Beach (Nasdaq: HEAR) introduced the ROCCAT Burst Pro PC gaming mouse, showcasing its new Titan Optical Switch technology. This mouse registers clicks up to 100 times faster than standard mechanical mice and boasts a lightweight design at 68g, featuring a translucent honeycomb shell. The Burst Pro is equipped with ROCCAT's Owl-Eye Optical Sensor with up to 16,000 DPI and is set to launch on October 30, 2020, at an MSRP of $59.99. Additionally, the Burst Core mouse will be available on November 16, 2020, for $29.99.
Turtle Beach's ROCCAT brand has announced new products, including its innovative Titan Optical Switch and three new models of the Vulcan keyboard series. The Vulcan Pro and Vulcan TKL Pro will be available on Oct. 30, 2020, retailing for $199.99 and $159.99, respectively. The Vulcan TKL will launch on October 4, 2020 for $129.99. The Titan Optical Switch technology offers faster response times, registering keystrokes 40 times quicker than traditional mechanical switches. These developments solidify ROCCAT's competitive position in the gaming market.
Turtle Beach (NASDAQ: HEAR) announced the launch of its new Stealth 700 Gen 2 and Stealth 600 Gen 2 gaming headsets for Xbox and PlayStation, available on September 20, 2020. These headsets build on the success of their predecessors with enhanced features including upgraded audio quality, a larger flip-to-mute mic, impressive comfort, and cross-generation compatibility. The Stealth 700 Gen 2 is priced at $149.95 and the Stealth 600 Gen 2 at $99.95. CEO Juergen Stark highlighted the anticipated boost in sales due to expected holiday demand.
Turtle Beach's ROCCAT brand has launched the Elo series PC gaming headsets, marking a significant addition to its product lineup. This series includes three models: Elo X Stereo ($49.99), Elo 7.1 USB ($69.99), and Elo 7.1 Air ($99.99). Each headset boasts features like premium comfort, superior sound quality, and advanced audio technologies, with availability starting October 4, 2020. Turtle Beach aims to capture a share of the $3 billion PC accessories market and targets annual topline growth of 10-20%. The launch represents a strategic investment for expanding market reach.
Turtle Beach (Nasdaq: HEAR) has announced a partnership with sneaker artist Kickstradomis to create custom gear and content for its brand ambassadors. This multi-year collaboration includes exclusive product giveaways and charity auctions. The partnership follows positive feedback from their previous collaboration at the Made in America festival in 2019. Kickstradomis, known for his unique sneaker designs, aims to enhance fan engagement through artistic creations that support charitable causes.
Turtle Beach Corporation (NASDAQ:HEAR) will present at the 9th Annual Gateway Conference on September 10, 2020, at 9:30 a.m. Pacific time. The conference, held virtually on September 9-10, aims to connect growth companies with institutional investors. Turtle Beach's management will also conduct one-on-one meetings during the event. The presentation will be accessible via live webcast and later as a replay. Interested parties can request invitations or schedule meetings by emailing conference@gatewayir.com.
Turtle Beach (Nasdaq: HEAR) announced record retail sales for July 2020, achieving the highest revenue and unit sales in its history for this month, according to NPD. The company captured over 50% market share in console headsets sold in North America for July, with strong performances from its Recon 70 series and newly launched Stealth 700 and 600 Gen 2 headsets. These new products are compatible with the latest gaming consoles and are sold at $149.95 and $99.95, respectively. CEO Juergen Stark emphasized the brand's strength amidst a booming gaming industry.
Turtle Beach has announced the launch of its next-generation wireless gaming headsets, Stealth 700 Gen 2 and Stealth 600 Gen 2, designed for Xbox One, Xbox Series X, PS4, and PS5. The headsets retain the same attractive prices of $149.95 and $99.95 respectively, featuring enhanced audio, comfort, and durability. The Stealth 600 Gen 2 will be available from August 16, 2020, while the Stealth 700 Gen 2 launches on September 20, 2020. The company anticipates continued market success due to the ongoing growth of the gaming industry.
Turtle Beach (Nasdaq: HEAR) has launched affordable audio headsets and accessories to enhance remote work and virtual learning experiences. The Atlas Edge, a USB audio enhancer, offers customizable sound and 3D audio capabilities. Bundles include options like the Atlas One and Elite Atlas, catering to different user needs with prices ranging from $29.95 to $114.95. CEO Juergen Stark emphasizes the importance of connectivity during these times. The products are available exclusively on turtlebeach.com.
FAQ
What is the current stock price of Turtle Beach Corporation (HEAR)?
What is the market cap of Turtle Beach Corporation (HEAR)?
What does Turtle Beach Corporation specialize in?
What is the Turtle Beach brand known for?
Under what brands does Turtle Beach Corporation operate?
Where can Turtle Beach products be purchased?
What markets does Turtle Beach Corporation serve?
What are the applications of HyperSound products?
How long has Turtle Beach Corporation been in the audio technology industry?
What are some of the recent achievements of Turtle Beach Corporation?
How does Turtle Beach Corporation generate most of its revenue?
What is the significance of Turtle Beach Corporation's financial condition?
