Ushering in good news for gamers, Logitech International SALOGI came up with two new gaming headphones - the Logitech G933 Artemis Spectrum Wireless Gaming Headset and the Logitech G633 Artemis Spectrum Gaming Headset. However, shares of this leading computer peripheral company's shares tumbled about 0.7% since the declaration of this news on Aug 27, probably on broader market concerns.
News in Details
Putting in 25 years of expertise in audio development, Logitech's sound engineering team has delivered highly advanced earphones offering all-encompassing audio experience. These headphones feature patent pending Pro-G audio drivers. Armed with RGB lighting, swappable backlit speaker plates and programmable G-keys, the products are highly customizable. The new offerings of the company, if paired with Logitech Gaming Software, offers even more flexibility such as customization of audio settings, development of personal sound profiles among others.
Initially, the Logitech G633 Artemis Spectrum Gaming Headset is projected to be available for a retail price of $149.99 from September this year. On the other hand, Logitech G933 Artemis Spectrum Wireless Gaming Headset is anticipated to be priced at $199.99 from October 2015.
The recent euphoria to have gripped the gaming universe is virtual reality gaming, which not only allows users to enjoy 3D experience in the virtual world but also lets them live the characters in the game. At such a juncture in the gaming universe, we believe Logitech's initiative toward promoting the latest fad of virtual reality gaming is judicious, given its reputation as one of the world leaders in the consumer-peripheral industry.
On a previous occasion in June, Logitech launched a force feedback racing wheel for PCs as well as flagship gaming platforms of Sony Corp. SNE and Microsoft Corporation MSFT - PlayStation 4 ('PS4') and PlayStation 3 ('PS3') and Xbox One, respectively. Such innovative gaming products can augment the revenues from the gaming division of Logitech.
Logitech currently has a Zacks Rank #3 (Hold). Alps Electric Co. Ltd. APELY is a better-ranked stock in the computer peripheral market, sporting a Zacks Rank #1 (Strong Buy).
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