Potential Comeback Year for Turtle Beach

Potential Comeback Year for Turtle Beach

The stock price of hardware and accessories companies was hammered in 2022.  Turtle Beach (NASDAQ: HEAR) was no exception as the stock price declined 68% from January 2022 to January 2023. Going into 2023, DFC Intelligence is bullish on the category in general.  As the installed base for PlayStation 5 and Xbox Series X/S catchup to demand it will naturally result in growth for the accessories side.  Meanwhile, new graphics cards from Nvidia and AMD are resulting in new P.....
Turtle Beach Revenue Declines

Turtle Beach Revenue Declines

For the nine months ending 9/30/22 Turtle Beach (NASDAQ: HEAR) reported a 46% revenue decline.  Revenue for the first nine months of 2022 was $139 million, versus $257 million in the first nine months of 2021.  For the first nine months of 2022 Turtle Beach reported a net loss of $36 million versus net income for the comparable 2021 period. Analysis The hardware and accessories business has been hammered on several levels this year.  Har.....
Video Game Hardware Forecasted to Reach $135 Billion

Video Game Hardware Forecasted to Reach $135 Billion

It has always been a great irony that, as video game software has gone digital, spending on hardware to play games has soared.  Unlike other entertainment industries, video game hardware is definitely not a commodity.  DFC Intelligence forecasts that global spending on video game hardware will grow from $82 billion in 2021 to $135 billion in 2026.  This includes console systems, PC hardware used for games and accessories such as controllers, headsets, gaming keyboards an.....
Soaring Video Game Accessories Market Reaches $11 Billion

Soaring Video Game Accessories Market Reaches $11 Billion

According to the latest report from DFC Intelligence the video game accessories market soared to $11 billion in 2020. While much of this growth was driven by stay-at-home orders and new console systems, long-term growth is expected to continue. By 2025, DFC forecasts the video game accessories market will reach $15 billion. The video game accessories market sa.....