With the increase in the number of remote employees, Logitech sales increased. As companies went through a difficult period, Logitech increased its sales and revenues.
Logitech sales increase with keyboard and mouse
Logitech, the world’s leading brand in the field of computer accessories, was among the companies that survived the coronavirus period with the least loss. Even during this period, Logitech managed to increase its sales and revenues.
Especially the increase in the number of people working from afar has increased the need of users for computer accessories. Sales of Logitech increased by 13.6 percent in the fourth quarter of 2019. The company, which made $624.3 million in the same period of the previous year, made sales of $709.2 million, according to the data released in the last quarter. Net profit from Logitech from these sales was $79 million.
The company’s main source of income was webcam, keyboard and mouse. Especially with the increase in telework, users showed intense demand for video conference hardware products.
Logitech also increased this year’s revenue expectation, as work from home increased due to the outbreak. The company anticipated an annual income of 380 to 400 million dollars.