Corsair is one of the game companies that suffers the most from the drop in demand in the sector, to the point that it is indicated that the next August 4the company will present the financial results relating in the second trimesterin which he should suffer losses of up to $11 million.
it will be the second consecutive quarter in which the company will offer bad news, recalling that at the end of April, the actions of the company fell after the announcement of the first quarter financial results, which revealed certain turnover of approximately 14 million dollars. If with said income it has fallen on the stock market, compared to the 80 million it entered in Q1 2021, you can already imagine if they present losses of up to 11 million.
The company expects a pause in the third quarter, as it has indicated that it expects an increase in demand, although for this it indicates that it has seen an increase in PC game salesbut of course, one cannot extrapolate the increase in video game sales with the sale of hardware or peripherals.
The increase in sales leads the company to believe that it will reach 35% annual growth in the second half of 2022, which will hopefully be enough for the company to post green numbers again.
That Corsair is one of the companies affected is very simple: it is one of the most offered products in the industry: Cooling systems, RAM, SSD, power supplies, chassis, fans, peripherals (mouse, keyboard, headphones, mats, monitors, chairs) and if you’re not careful, a long etcetera, since it even sells pre- assembled and gaming laptops. This is also a problem, when we are talking about products that at a price level It’s a medium high profile, which in a situation like this is not ideal. Proof of this is that during Amazon Prime Day deals, it helped boost the numbers.