Logitech has defied the doom and gloom surrounding much of the PC industry, announcing its 10th consecutive record quarter with sales up 24 per cent.
The company, which specialises in the design and manufacture of interface products for the PC, posted revenue for the fourth quarter of US$197.9 million, 12 per cent up on the same period last year. Net income increased 51 per cent over last year's quarter and operating income for the company reached $16.4 million - up 20 per cent year-on-year.
However, Logitech's retail business was the real winner, with the division accounting for 83 per cent of the company's Q4 revenue. Annual retail sales for the company increased by 30 per cent.
According to, Marco Manera, general manager of Logitech Australia, the company's success comes from being able to leverage off both the existing PC market and new technologies. Last year Logitech sold 6.9 cordless products - more than 80 per cent more in terms of units over the previous year.
"Our excellent performance underscores the strength of Logitech's position in the marketplace, the attractiveness of the products we offer to the hundreds of millions of existing PC users and our leadership position in fast growing markets such as PC video and cordless solutions," Manera said.
Digital cameras were also a big retail seller, with more than one million cameras sold in the retail sector last quarter.
The company is also entering the console games market, supplying Sony Computer Entertainment Australia (SCEA) with the GT Force force-feedback steering wheel for PlayStation 2. The wheel will be available from Australian retailers concurrent with the release of Polyphony Digital new Gran Turismo 3. SCEA will distribute the GT Force wheel together with a copy of the game as a single retail unit.