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Like many companies in the hardware sector, Corsair Gaming (NASDAQ: CRSR) had a tough 2022. From January 2022 to January 2023, Corsair stock was down 37% as revenue declined significantly.
There were many issues facing Corsair in the past year. This included high prices/GPU shortages slowing new PC builds, as well as economic conditions in Europe. However, the U.S. showed signs of making a comeback and a new ge…..
Corsair Gaming (NASDAQ: CRSR) reported that revenue for the third quarter ending September 30, 2022 was down 20% to $312 million. For the first nine months of fiscal 2022 revenue was down 30% to $976 million. Corsair reported a net loss of $6.2 million for the quarter.
Like many hardware companies, the past year has been tough for Corsair. However, the company beat both revenue and earnings estimates and came in better than expected (the company showed a Non-GAA…..
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…..