LOGITECH
Logitech sheds $2 billion in market cap as margin concerns overshadow profit beat
Logitech's share price dropped by 10% despite exceeding profit expectations for Q2, as analysts suggest that profit-taking and worries about future margins played a role in the decline. The company anticipates reduced gross margins for the upcoming December quarter due to rising costs related to components and shipping, heightening concerns over economic conditions. However, some analysts argue that the market's reaction seems overly harsh within the broader economic context.
Logitech starts manufacturing in India, begins with webcams, pointing devices
The production will focus on high-demand workspace products and follow a structured expansion roadmap.
Apple to launch doorbell, lock, thermostat developed with LG
The products will be part of an ecosystem of devices that work with Apple’s new smart home hub, as well as an upgraded HomePod mini and fresh TV set-top box, according to people with knowledge of the matter. The new Apple devices are set to be introduced on Oct. 13.
Apple doorbell, Apple security camera, Apple lock: 7 smart home devices expected to be unveiled through LG collaboration on October 13
Apple smart home hub devices launch: Apple is preparing to roll out seven new smart home products built together with LG Electronics, covering a doorbell, cameras, a smart lock, a thermostat and a temperature sensor, according to Bloomberg's Mark Gurman. The devices will carry LG branding even though Apple shaped much of the design, and they are expected to work alongside a new Apple smart home hub set to debut on October 13.
Logitech bets on AI, gaming and business users as it raises spending, CEO says
Logitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, and AI-enabled devices for growth. Despite economic slowdown worries and Middle East supply issues impacting sales, Logitech expects continued momentum. Investments will be made to capitalize on AI opportunities and maintain a strong financial base.
Logitech confirms data breach by hackers, says no sensitive info exposed; Is Clop extortion gang behind the attack?
Hardware accessory giant Logitech confirmed a data breach by the hackers. The company asserts that no sensitive or customer-related information was compromised, despite claims from the Russia-linked ransomware group CL0P. The breach is believed to have exploited a zero-day vulnerability in a third-party software platform.
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Computer parts maker Logitech appoints Matteo Anversa as CFO
Logitech International named Matteo Anversa as its CFO, starting September 1, following Meeta Sunderwala's interim tenure. Anversa formerly held the CFO position at Gentherm. The company recently elevated its yearly sales and profit forecasts, citing strong results across product lines and growing contributions from AI-based devices.
GConnect Logitech shares debut at 5% premium on NSE SME platform
GConnect Logitech debuted on BSE SME with a 5% premium at Rs 42. The company offers logistics services like bulk load, FTL. E-commerce boosts sector. For the six months ended September 2023, the firm recorded Rs 2.12 crore revenue, Rs 23 lakh profit.
GConnect Logitech IPO: Check issue size, price band, GMP and other details
GConnect Logitech IPO is an SME issue which opened today and will run till March 28. The company looks to raise Rs 5.6 crore via the initial stake sale. The issue is entirely a fresh share sale, with no OFS component.
Logitech warns of margin hit from Red Sea crisis
Logitech expected an impact of around 100 basis points on its profit margin from the extra transportation costs.
Computer parts maker Logitech works for growth after beating forecasts
The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.
Computer parts maker Logitech appoints Hanneke Faber as CEO
In September, Logitech's co-founder Daniel Borel stepped up his call for the company to find a new chairperson, objecting to Wendy Becker's re-election to the role, saying the computer peripherals makers had lost its way under Becker.
Logitech feeling more confident after Q2: CFO Chuck Boynton
"From last quarter to now we're probably feeling a little more optimistic, but that happens when the pace of change in the negative starts to slow," Boynton said after Logitech posted its second quarter earnings.
Computer parts maker Logitech raises full-year guidance
The Swiss-American company, which experienced a strong pandemic as people stocked up on its equipment to work from home, added it was closer to finding a new CEO after Bracken Darrell left in June to take charge of Vans sneaker maker VF Corp.
Logitech founder Daniel Borel calls on computer peripherals group to find new chairperson
Daniel Borel, who holds the honorary position of chairman emeritus at Logitech, said he would give its board time to act before pursuing his agenda further.
Missing Titanic sub controlled by Logitech PC, video game controller? What we know so far
A 6.5-meter submersible that was on a mission to visit the Titanic wreck site has gone missing in the North Atlantic. Now, a report has emerged that it was being controlled by a $30 Logitech PC controller.
Logitech says CEO Bracken Darrell stepping down, to leave company
Logitech SA said on Tuesday that Chief Executive Officer and President Bracken Darrell is resigning from his role effective immediately and will be leaving the company to pursue another opportunity.
10 Best Logitech Mouse in India For Maximum Comfort and Smooth Surfing (2023)
Do you want to buy a Logitech Mouse? They are industry-leading in the best Gaming mouse as well as the best Wireless mouse. They are ergonomically designed, highly affordable, and lend themselves to a smooth surfing experience. They are available in many different attractive colors and premium models, but we have brought to you the 10 best Logitech mouse so you can have an easier time choosing the one best for you. Read below to find out more.
Logitech quarterly sales fall 22% as slowdown fears bite
The company saw strong demand for its home office products and computer gaming devices during COVID-19 lockdowns, but the momentum has been fading as countries lift the curbs and as high inflation drives up costs and refrains consumers from spending.
Logitech G502 Lightspeed review: Ease of movement, easy to carry around, pleasant gaming experience
The mouse has no wires but pro PC gamers would love it.
Lifesize splits from Logitech; goes solo with $17.5 million funding
Web collaboration technology provider Lifesize today said it has split from Swiss computer peripheral firm Logitech.
Logitech is changing its name to 'Logi' because tech means nothing
You know Logitech, that company that makes the great keyboards, and the great speakers? It's going to start calling itself just "Logi" now.
Logitech's new MX Master mouse can work on any surface
f you go with Bluetooth, you can pair the mouse with up to three devices and switch between a laptop, desktop or tablet using the appropriately named Logitech Easy-Switch button.
Logitech ends earnings probe with only minor adjustments
Logitech said it would make minor adjustments to past earnings due to erroneously booking inventories.
Logitech launches new range of audio products
Betting big on audio products, computer peripherals maker Logitech today launched a new-line of such devices in the price range of Rs 8,995 to Rs 34,995.
Logitech launches new products for Windows 8 OS
Logitech announced a new line up of products, comprising mouse, touchpad and keyboards, designed to work with new Windows 8.
Logitech goes solar with new tablet keyboards
Logitech recently unveiled a host of new accessories for Apple iPad and other Apple devices. The most stand out of the lot is the new Logitech Wireless Solar Keyboards.
Logitech k800 & M905: Lights that track hands
The Logitech K800 is a great keyboard for someone who often gets wires all tangled up and works in a dim office.
Logitech buys video conferencing firm
Switzerland-based Logitech is buying video-conferencing equipment firm LifeSize Communications in a 405-million-dollar deal expected to close next month.
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