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 unveiled the Logitech G335 Wired Gaming Headset, a lightweight addition to its Color Collection. Weighing just 240 grams, the headset is designed for comfort with a slimmer fit and adjustable headband. It is available in three colors, including a new Mint option, and features plug-and-play compatibility with various gaming platforms via a 3.5 mm audio jack. Priced at $69 MSRP, the G335 aims to cater to gamers' desires for personalized gear. Logitech G also released matching accessories to further enhance customization.
Logitech G, a brand of Logitech (SIX: LOGN) (NASDAQ: LOGI), has announced the revamped 2021 Logitech McLaren G Challenge, starting July 1, 2021. This year's competition introduces three divisions: Open Wheel, Stock Car, and Sport Car Racing, utilizing iRacing and Assetto Corsa Competizione games. Winners will receive a trip to London and VIP experiences at the 2022 Formula 1 British Grand Prix. A celebrity Pro-Am race will also be held on July 7, featuring notable personalities. The Grand Finals Weekend will occur in Las Vegas on January 15, 2022, promising engaging activities for participants and fans.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has achieved a significant milestone by ensuring its products are free from conflict minerals. This accomplishment supports Logitech's commitment made in 2013 to maintain a supply chain that fosters peace and stability in regions affected by violence and human rights abuses. All products now comply with conflict-free standards, with 100% of in-scope smelters participating in third-party responsible minerals audits. Logitech's ongoing efforts in this area align with its goals of promoting transparency and responsible sourcing.
Jaybird has launched the Vista 2 True Wireless Sport Earbuds, enhancing their original model with improved durability and advanced technology. Designed for athletes, the Vista 2 features military-grade construction, SurroundSense technology, Active Noise Cancellation, and up to 24 hours of battery life. With a quick charge option and new in-ear detection, these earbuds combine safety and premium sound. Available for $199.99 in three colors, they also come with customizable EQ settings via the Jaybird App, which includes a unique feature to track the earbuds’ case.
Logitech (NASDAQ: LOGI) launches Logitech Scribe, an AI-driven whiteboard camera designed to enhance remote collaboration for meetings and classrooms. With compatibility for Microsoft Teams and Zoom, it offers clear broadcasts of whiteboard content, ensuring equitable participation for all users. Priced at $1,199, Scribe captures whiteboard content up to six by four feet and utilizes AI to enhance visibility. This product aims to address challenges in integrating non-digital content in virtual meetings, thus improving team interactivity in hybrid environments.
Logitech International (Nasdaq: LOGI) has filed its Annual Report on Form 10-K for Fiscal Year 2021 with the SEC. The filing is accessible via the SEC's website and Logitech's investor relations page. Additionally, the company anticipates the release of its annual report to shareholders, along with the invitation and proxy statement for its 2021 annual general meeting, scheduled for July 2021.
Logitech reported record financial results for Fiscal Year 2021, with sales reaching $5.25 billion, marking a 76% increase year-over-year. GAAP operating income soared 315% to $1.15 billion, and GAAP EPS rose 107% to $5.51. In Q4 alone, sales hit $1.54 billion, up 117%. The company forecasts non-GAAP operating income between $800 million and $850 million for FY2022. Additionally, Logitech announced a share buyback program increase to $1 billion and a proposed 10% dividend hike, reflecting its commitment to shareholder returns.
Logitech (NASDAQ: LOGI) has announced the availability of the Logitech Combo Touch for the new iPad Pro 11” (3rd generation), with a model for iPad Pro 12.9” (5th generation) coming soon. The Combo Touch features a detachable keyboard, integrated trackpad, and multiple use modes—typing, viewing, sketching, and reading. Priced at $199.99 for iPad Pro 11” and $229.99 for iPad Pro 12.9”, it enhances user experience with its largest trackpad, auto backlit keys, and protective design. The product supports various gestures in iPadOS for improved multitasking.
Logitech (NASDAQ: LOGI) has announced a strategic partnership with Baidu Brain to launch the Logitech Voice M380 Wireless Mouse with Speech Input in China. This innovative mouse enables users to dictate text, reportedly increasing content creation speed by two to three times compared to typing. Equipped with Baidu's AI technology, it supports multiple languages and is compatible with both Windows and Mac. The device will retail for 199 RMB and aims to enhance productivity for content creators. Logitech anticipates further collaboration with Baidu for future products.
Logitech (NASDAQ: LOGI) has announced a partnership with Baidu Brain, launching the Logitech Voice M380 Wireless Mouse with Speech Input in China. This innovative mouse allows users to dictate content up to three times faster than typing, powered by Baidu's advanced speech technology. The mouse features compatibility with Windows and Mac, a dedicated voice button, and supports translations for multiple languages. Priced at 199 RMB, the product is available in China starting April 2021, emphasizing Logitech's commitment to enhancing productivity through AI-driven solutions.
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