Thursday, August 6th 2020
Logitech Says It's Doing Everything it Can to Thwart Webcam Shortages
Physical distancing has meant a resurgence in technologies meant to bridge gaps in geography (mainly webcams), as people have found that face to face conversations and team meetings are multiple steps above emails. However, ever since the pandemic (and associated lockdown and work from home) procedures began, it's been difficult to find any webcams available for purchase - at least at MSRP. Both new and used webcams have seen their prices increased in wake of tight supply and demand equations, and Logitech, as one of the premier webcam manufacturers in the world, has been on the forefront of fighting these shortages.
In its latest earnings call, Logitech President and CEO Brecken P. Darrel told investors that "PC webcams continued the strong momentum exiting last quarter with Q1 sales more than doubling to the highest quarterly level in a decade... We're ramping our capacity to meet demand, working to overcome component shortages as we do. We expect Q2 supply to improve, but still -- it still could remain pretty tight throughout the quarter." Demand equations in a time of pandemic aren't an exact science, so Logitech underestimating demand isn't all that unexpected. here's hoping the company can provide enough units for the resale channel so as to normalize pricing.
In its latest earnings call, Logitech President and CEO Brecken P. Darrel told investors that "PC webcams continued the strong momentum exiting last quarter with Q1 sales more than doubling to the highest quarterly level in a decade... We're ramping our capacity to meet demand, working to overcome component shortages as we do. We expect Q2 supply to improve, but still -- it still could remain pretty tight throughout the quarter." Demand equations in a time of pandemic aren't an exact science, so Logitech underestimating demand isn't all that unexpected. here's hoping the company can provide enough units for the resale channel so as to normalize pricing.