Monday, July 25th 2022
Corsair Expects Losses to Reach $11 Million for 2Q 2022
Corsair, one of the world's leading PC component brands, is being hit hard by macroeconomics and consumers' choice - and sometimes need - to keep more dollars in their pockets. According to its own internal accounting, the company has announced that it expects between $10 and $11 million dollars in losses for 2Q 2022 (April-June) throughout its business. Remember that this isn't a case of a company being too specific in its product line and taking the heat from it; Corsair has one of the most diverse lineups in PC components, ranging from memory, water and air cooling, SSDs, peripherals, and even monitors.
Not unlike other businesses, which have seen inventory levels soar on account of much lower than expected sales, Corsair too has seen its warehouses starting to fill up - not unlike the company's financials, there's less and less oxygen within its warehouses as inventory piles up. Corsair did say it expects business to pick up considerably in the third quarter, as it has seen an uptick in enthusiast-level PC gaming sales (likely spurred by the dropping prices of GPUs as miners dump their graphics cards in expectation of Ethereum's Merge event, set for September). The increase in sales leads the company to believe it will achieve a 35% YoY (year-over-year) growth throughout the second half of 2022, which will hopefully be enough to push the company back above the red line.
Source:
via TechSpot
Not unlike other businesses, which have seen inventory levels soar on account of much lower than expected sales, Corsair too has seen its warehouses starting to fill up - not unlike the company's financials, there's less and less oxygen within its warehouses as inventory piles up. Corsair did say it expects business to pick up considerably in the third quarter, as it has seen an uptick in enthusiast-level PC gaming sales (likely spurred by the dropping prices of GPUs as miners dump their graphics cards in expectation of Ethereum's Merge event, set for September). The increase in sales leads the company to believe it will achieve a 35% YoY (year-over-year) growth throughout the second half of 2022, which will hopefully be enough to push the company back above the red line.
54 Comments on Corsair Expects Losses to Reach $11 Million for 2Q 2022
people are not ready to pay noctua prices for aliexpress quality?
but is has RGB, needs a seperate HUB and 3GB of bloatware.
Uninstalling resolved all instability problems.
Oh, their RGB keyboards have extremely poor reliability lighting - I have more than 6 failed LEDs on a K70 and a K95.
On the plus side, I like the K100 I recently purchased.
hopefully they can turn things around.
My son wants more of their rgb fans but I cringe when I see the price and the controller and the icue!!
is there a better way to do RGB fans??
Massive global recession is coming. Probably GFC 2 in fact
If they're expecting the general economic situation to help them in Q3 and 4 they're in for a massive shock.
Computer gear is generally pro cyclical, most of us don't actually need to buy it. Other things, food, shelter are much higher priority when the economy goes to hell.
That said, I'd personally hope that isn't the case because I wouldn't want my country tied to iCue in any way whatsoever (YMMV). :)