Logitech Reports Third-Quarter Sales Drop of 22% Due to Slow Demand

Computer peripheral manufacturer Logitech International has reported a 22% drop in sales for the third quarter, in line with preliminary reports.

The decline in sales, which totaled $1.27 billion for the quarter ending December 2022, suggests that business customers are delaying purchases of new equipment.

Logitech released preliminary figures on January 11th, which also showed a decline in sales to a range of $1.26-1.27 billion.

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