Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA stock.
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 G has launched the Logitech G FITS True Wireless Gaming Earbuds, the first gaming-grade earbuds featuring Lightform molding technology for a custom fit. These earbuds utilize LIGHTSPEED wireless connectivity for pro-grade performance across multiple platforms, including PC, PlayStation, and mobile devices. With battery life of up to 15 hours, they deliver high-quality audio and noise isolation. The product will be available in October 2022 at a suggested retail price of $229.00 USD.
Logitech has unveiled the MX Master 3S for Business and MX Keys Combo for Business Gen 2, designed for enterprise users seeking enhanced productivity and comfort. The MX Master 3S features quiet click technology, an 8000 DPI sensor, and sustainability with 27% certified post-consumer recycled plastic. The MX Keys Combo offers smart backlighting and productivity shortcuts, catering to professionals in hybrid work environments. Both products are certified carbon neutral, enhancing their appeal to IT departments and environmentally conscious consumers.
Logitech International (SIX: LOGN, Nasdaq: LOGI) announced a 10% increase in its annual dividend to CHF 0.96 per share, as approved during its recent AGM. Shareholders also elected three new board members: Christopher Jones, Frankie Ng, and Sascha Zahnd. The dividend will be paid on September 28, 2022, with a record date of September 27, 2022. Ex-dividend trading begins on September 26, 2022. Logitech celebrates nine consecutive years of growth and remains optimistic about future opportunities.
Logitech unveils the Brio 500 webcam series and Zone Vibe headphones, tailored for hybrid workers seeking enhanced collaboration tools. Addressing common video conferencing issues, the Brio 500 features an innovative Show Mode for presenting physical objects. The stylish, lightweight Zone Vibe headphones provide all-day comfort and business-grade performance. Both product lines are carbon neutral and utilize recycled materials. Available globally in September 2022, the Brio 500 webcams are priced at $129, with Zone Vibe headphones ranging from $99.99 to $129.99, ensuring affordability and environmental sustainability.
Whalar announced a partnership with Logitech For Creators to launch the Creator Academy, aimed at supporting underrepresented creators. This ten-week program, starting on September 12, 2022, will provide training and mentorship from established creators, enhancing career development opportunities for diverse voices. Notable mentors include TikTok stars like Emmanuel Duverneau and Matthew and Ryan. The initiative is part of a broader commitment to empower creators and foster inclusivity in the creator economy.
Logitech G has unveiled the G502 X, G502 X LIGHTSPEED, and G502 X PLUS gaming mice, enhancing the legacy of the popular G502 series. These models feature advanced technologies, including the revolutionary LIGHTFORCE hybrid optical-mechanical switches, providing improved speed and reliability. The mice come with a redesigned DPI-shift button, USB-C charging, and HERO 25K sensor for heightened precision. Retail prices start at $79 for G502 X and reach $159 for G502 X PLUS, available from August 2022.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has filed a Supplement to its July 26, 2022 Proxy Statement with the U.S. Securities and Exchange Commission. This Supplement pertains to Proposal 4 regarding the Amendment of the Articles of Incorporation for creating Authorized Capital. It clarifies that the company will not issue new shares that exceed 10% of its current share capital when shareholders' subscription rights are restricted or excluded. The filing details are available on the SEC's website and Logitech's investor relations page.
Ultimate Ears, a Logitech brand, has launched the WONDERBOOM 3 portable Bluetooth speaker, featuring 100% recycled materials, enhanced Bluetooth range of 40 meters, and a 14-hour battery life. It offers waterproof and dustproof capabilities and will retail at $99.99. Additionally, the new white version of the HYPERBOOM speaker is also available, with a 24-hour battery and multiple input sources for $449.99. Both products aim to enhance music experiences while reducing carbon footprints.
Logitech has unveiled the Logitech Chorus, a cutting-edge audio solution designed specifically for Meta Quest 2. The product boasts an open-back design and custom-tuned off-ear acoustics, enhancing comfort and immersion during long gaming sessions. It integrates seamlessly with USB-C passthrough and retails at $99.99, appealing to VR gamers seeking both quality and affordability. Logitech emphasizes the Chorus's ability to provide realistic audio while maintaining user awareness of the real world, addressing feedback from developers and the gaming community.
Logitech G and Tencent Games have partnered to develop a cloud gaming handheld, set to launch later this year. This collaboration aims to merge Logitech G's hardware expertise with Tencent's software services, allowing gamers to play AAA games via cloud without needing to download them. Both companies are collaborating with Xbox Cloud Gaming and NVIDIA GeForce NOW to enhance the gaming experience. The new device will enable seamless gaming on-the-go, showcasing Logitech G's commitment to innovation and Tencent's leadership in game publishing.
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