Logitech quarterly sales fall 20%, cuts outlook for 2023

FILE PHOTO: Logitech speaker is placed on the laptop in the computer shop in Zenica

LOGITECH International reported a 20% drop in sales for its fourth quarter on Tuesday, as the computer mice, webcam and keyboard maker lapped high comparables from a year earlier.

Sales fell to $1.23 billion for the three months to the end of March from $1.54 billion a year earlier, when sales were massively boosted by people buying peripherals to equip their home offices during the COVID-19 pandemic.