Logitech CEO Says Expects Computer Peripherals Market Overall To Increase In Low Single Digit Percentage Range In Oct-Dec Quarter; Sees European Market Demand As Flattish; Higher Consumer Demand In China; Company Investing In Dedicated R&D And Marketing To Grow China Business
Portfolio Pulse from Benzinga Newsdesk
Logitech's CEO anticipates a low single-digit growth in the computer peripherals market for the October-December quarter. The European market is expected to remain flat, while there is higher consumer demand in China. Logitech is investing in R&D and marketing to expand its business in China.
October 22, 2024 | 2:30 pm
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Logitech anticipates low single-digit growth in the peripherals market for Q4, with flat demand in Europe and higher demand in China. The company is focusing on R&D and marketing to grow its China business.
Logitech's focus on R&D and marketing in China, where demand is higher, suggests potential growth in that market. The overall market growth expectation, albeit low, is positive. The flat European market is a neutral factor.
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