Logitech quarterly sales fall 20% -Breaking
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© Reuters. This illustration was taken May 1, 2022. It shows the Logitech stock graph and logo. REUTERS/Dado Ruvic/Illustration(Reuters) – Logitech (NASDAQ) International announced a 20% decline in fourth-quarter sales on Tuesday. The computer mouse, keyboard, and webcam maker saw a sharp increase in comparable sales to a year ago.
The three-month period ending March saw sales drop to $1.23 Billion from $1.54 Billion a year ago. This was despite the fact that peripherals were bought by many people to outfit their homes during the pandemic.
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