), a leading designer and manufacturer of innovative peripherals
for the digital world, recently launched a wireless All-in-One
Keyboard with a built-in touchpad. The keyboard is priced at
$99.99 and will be available in the European and U.S. markets
from late Aug 2013.
The keyboard - TK820 - is an innovative brainchild of
Logitech, which lets the user type, touch and swipe with a single
device. The ultra-slim wireless keyboard is the first of its kind
in its category and occupies a comparatively lesser space on the
user's desktop with the built-in touchpad being conspicuously
larger than a built-in laptop touchpad.
Moreover, the keyboard uses the PerfectStroke key system,
which provides a superior typing comfort to the user.
Additionally, the keyboard is supported by a tiny Logitech
Unifying receiver that serves as a cord and provides fast data
transmission with nearly no delays or dropouts.
With this All-in-One keyboard launch, Logitech is likely to
enjoy first-mover advantage. Rapid adoption of new mobile
platforms, such as tablets and smartphones in both mature and
emerging markets, is stimulating the growth in demand for
Logitech's peripherals and accessories. In order to capitalize on
this opportunity, the company is continuously launching an array
of innovative products.
Incidentally, Logitech also delivered better-than-expected
results in the last reported quarter. The company's net income
came in at a penny per share in the first quarter of fiscal 2014,
well above the Zacks Consensus Estimate of a loss of 11 cents and
the prior-year quarter loss of 32 cents per share. The
year-over-year increase in earnings was due to solid performances
in its growth categories, namely tablet accessories, PC gaming
and wireless speakers.
Currently, Logitech carries a Zacks Rank #3 (Hold).
Better-placed stocks in the same sector that are worth
Alps Electric Co. Ltd.
). All of them carry a Zacks Rank #1 (Strong Buy).
ALPS ELECTRIC (APELY): Get Free Report
ELECTRN IMAGING (EFII): Free Stock Analysis
LOGITECH INTL (LOGI): Free Stock Analysis
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