Video game accessories and peripherals maker Turtle Beach surprised the markets with a major beat in earnings as sales of their headsets and devices grew amid coronavirus quarantines. Now, the company is looking forward to the highly anticipated next generation of video game consoles slated for the holidays.
"We're very excited about the new Xbox and PlayStation launches. They're coming soon, can't wait," Turtle Beach CEO Juergen Stark told Cheddar. "We believe that they will do very, very well post-launch, and that is definitely a long-term driver of, and a catalyst for, all console accessories."Stark added that gamers tend to "re-accessorize" upon upgrading to new video game systems and that Turtle Beach was already prepared with four new wireless headset models, two for each of the next-gen platforms. And, with the growth of multiplayer gaming, the company sees its headsets continuing to grow right along with the phenomenon.
"People play together. Fortnite was a big example of this even to the point where there was a concert, a Deadmau5 concert earlier this year where 20 million people went into Fortnite to watch the concert," he said. "So, to play together, you need to be able to communicate, and that's what the headset portfolio we have does a great job at."
The ability to communicate virtually was a "huge driver" of the popularity of the headsets during the coronavirus pandemic, according to Stark. So much so, he also was bullish on the future of the gamer gear in non-gaming arenas even after the COVID-19 pandemic subsides.
"Our headsets work great for video calls, working, learning, schooling from home," Stark said.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
