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Logitech International S.A. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.
The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.
Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.
Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.
Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.
Logitech International (SIX: LOGN, Nasdaq: LOGI) reported Q2 Fiscal Year 2023 results with sales of $1.15 billion, a 12% decline in US dollars and 7% in constant currency year-over-year. Video Collaboration sales grew 2% in US dollars, while Gaming and Keyboard & Combos sales fell 10% and 15%, respectively. Operating income dropped 29% to $127 million, with GAAP EPS down 38% to $0.50. Logitech reaffirmed its FY2023 outlook, anticipating a sales decline of 8% to 4% in constant currency. The company returned $276 million to shareholders and announced CFO Nate Olmstead's departure.
Logitech has unveiled its latest range of keyboard cases and accessories for the new iPad (10th generation), including the Combo Touch, Slim Folio, Rugged Folio, and the Logitech Crayon. The Combo Touch features a detachable keyboard and trackpad, ideal for typing and sketching, while the Slim Folio offers portability with a full-size keyboard. The Rugged Folio provides military-grade protection. The Logitech Crayon, compatible with multiple iPad models, allows for precise drawing and writing. Pricing ranges from $69.99 to $159.99, with availability in October and November 2022.
Herman Miller and Logitech G launched the Vantum Gaming Chair on October 6, 2022, focusing on versatility and comfort for gamers. This chair enhances performance with ergonomic design aimed at supporting various gaming postures. Key features include a thoracic support pad, adjustable headrest, and numeric tilt adjustments. Priced at $995 USD, it combines sustainability with a 12-year warranty. The chair is available in three colors: Polar, Flare, and Obsidian, reinforcing the commitment to quality and gamer-centric design.
Logitech has launched Logitech Sight, an AI-powered camera designed for hybrid work environments. It aims to enhance the meeting experience for remote participants by capturing multiple perspectives and tracking conversations. With features like dual 4K cameras and beamforming microphones, it promotes engagement among remote attendees. Sight integrates with major video conferencing platforms, ensuring compatibility with existing technologies. Priced at $1,999, it will be available globally in mid-2023. Logitech is also committed to sustainability by using lower impact materials in its production.
Logitech International (Nasdaq: LOGI) will announce its second quarter fiscal year 2023 financial results on October 24, 2022, at 9:00 PM EDT. A videoconference to discuss these results is scheduled for October 25, 2022, at 8:30 AM EDT. The event will be livestreamed on the company's website.
Logitech, headquartered in Lausanne, Switzerland, is known for its innovative products in computing, gaming, and streaming.
Logitech announces the launch of its new "Designed for Mac" product line, featuring the MX Mechanical Mini for Mac keyboard, MX Master 3S for Mac mouse, Lift for Mac mouse, and K380 Bluetooth Keyboard for Mac in Blueberry. These products, available from September 2022, ensure seamless compatibility with Apple devices, catering to user customization and comfort. Logitech emphasizes sustainability, using certified recycled materials in its products, while all items are carbon neutral. Pricing starts at $39.99 for the K380 and goes up to $149.99 for the MX Mechanical Mini for Mac.
Logitech For Creators has launched two innovative solutions: the Blue Sona active dynamic XLR microphone and the Litra Beam premium LED streaming key light. The Blue Sona incorporates ClearAmp technology for enhanced audio quality and features like a dual-diaphragm capsule and supercardioid pickup. Priced at
Logitech G has unveiled the A30 Wireless Gaming Headset, designed for versatile gaming across platforms. Featuring a 40mm audio driver and dual connectivity via LIGHTSPEED 2.4GHz and Bluetooth, it allows gamers to enjoy high-fidelity audio on devices like PlayStation, Xbox, Nintendo Switch, and PC. The sleek design includes customizable speaker tags and promises over 27 hours of battery life. Priced at $229.99, it will be available in October 2022, enhancing flexibility and comfort for gamers.
Logitech G has unveiled its new PRO Racing Wheel and PRO Racing Pedals, designed for professional sim drivers. These products feature a Direct Drive engine that offers 11Nm of force and TRUEFORCE technology for enhanced feedback. Users can expect significant improvements in racing realism and control. The PRO Racing Wheel is compatible with PC, PlayStation, and Xbox, while the pedals can connect via USB to various systems. The products, priced at
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