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, a brand of Logitech (NASDAQ: LOGI), in partnership with Riot Games, has launched a new League of Legends PC gaming gear collection. This collectible series features the PRO X Gaming Headset, PRO Wireless Gaming Mouse, PRO Mechanical Gaming Keyboard, and G840 XL Gaming Mouse Pad, all designed with the iconic Hextech aesthetics of the game. The products emphasize high performance and aim to enhance the gaming experience for League players with advanced features and durability, retailing between $49.99 and $129.99.
Ultimate Ears, a brand under Logitech, has announced a partnership with Black Girls CODE, a nonprofit organization dedicated to providing tech education to Black girls. This collaboration includes a monetary donation, mentorship opportunities, and technical workshops aimed at addressing barriers for women of color in the tech industry. Willow Smith, a key figure in this initiative, performed in New York to celebrate International Day of the Girl. The goal is to inspire future generations and promote diversity and inclusion within technology.
ASTRO Gaming launched the ASTRO.ID Collection 2 on October 5, enabling gamers to customize A40 headsets with over 500,000 color combinations. This new collection includes eight colors from the 'Super Fresh' palette and expands customization options across six headset components. The headsets retail for $199.99 and will be shipped within four weeks. The success of the previous collection prompted this rollout, now available in Europe as well. ASTRO Gaming, part of Logitech, is recognized for its high-quality gaming gear.
Logitech International (Nasdaq: LOGI) announced it will release its FY 2022 Q2 financial results on October 25, 2021, at 9:00 p.m. EDT. A videoconference to discuss these results will occur on October 26, 2021, at 8:30 a.m. EDT, streamed live on Logitech's corporate website. Logitech designs and creates products for computing, gaming, video, and music, headquartered in Lausanne, Switzerland.
Logitech announces the launch of Blue VO!CE, an advanced software for Yeti microphones, enhancing audio capabilities for creators. This free upgrade provides voice modulation effects and HD audio samples, promoting creativity for gamers, podcasters, and musicians. Key features include customizable voice presets and easy integration with Logitech G HUB for streamlined audio control. Available now for Yeti, Yeti Nano, and Yeti X users, Blue VO!CE aims to elevate streaming and content production.
Logitech has launched the MX Keys Mini and MX Keys Mini for Mac, compact wireless keyboards designed for creators. These keyboards maintain key features from the original MX Keys but in a minimalist format to enhance workspace efficiency. Notable features include Perfect Stroke technology, USB-C quick charging, and compatibility across multiple operating systems. The keyboards also feature sustainable design elements, with a percentage of parts made from post-consumer recycled plastic. Priced at $99.99, they are available from Logitech and numerous retailers.
Logitech G has launched the G435 LIGHTSPEED Wireless Gaming Headset, an ultra-lightweight device weighing only 5.8 oz, priced at $79.99. Designed for modern gamers, it emphasizes comfort, sustainability, and multi-platform compatibility, including PC and PlayStation. The headset is certified CarbonNeutral®, includes at least 22% recycled materials, and has features like dual beamforming mics for clear communication. Available from September 2021, the G435 comes in vibrant colors catering to individual styles, further enhancing Logitech's commitment to eco-friendly gaming products.
Logitech has expanded its video collaboration solutions with the launch of Tap IP, a network-based meeting room controller, and Tap Scheduler, designed to simplify scheduling and joining video meetings. Both devices offer secure, enterprise-grade performance and are compatible with major collaboration platforms. Priced at $699, they aim to enhance the meeting experience for hybrid workers returning to the office. Logitech is also introducing a comprehensive service plan, Logitech Select, for maintaining video solutions.
Logitech announced its commitment to becoming carbon neutral for all products and operations by 2021. The company aims to achieve net zero emissions by 2030 and adopt a climate positive approach thereafter. This involves reducing carbon footprints across their entire value chain through a Reduce-Renew-Restore strategy. Logitech plans to invest heavily in renewable energy sources, sustainable materials, and projects that capture carbon, including a significant tree-planting initiative in China.
Logitech International announced a 10% increase in their annual dividend to approximately CHF 0.87 per share during the annual general meeting. The dividend payment is scheduled for September 22, 2021, with a record date of September 21, 2021. Shareholders approved all proposals, reflecting consistent performance and growth amid the pandemic. Logitech continues to showcase strong financial returns and a robust business strategy.
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