*By Bridgette Webb*
Turtle Beach is on a roll.
The headset producer unveiled a new line of gaming gear called Atlas that's specifically designed for PC gamers.
"We are doing the same thing in the PC segment that we are doing in the console headset gaming segment for many years," said Turtle Beach CEO Juergen Stark in an interview Thursday on Cheddar. "We've put a lot of effort in making sure the build quality, the audio quality and the mic quality is the best you can get."
The new headset was introduced after the company reported second-quarter results that blew away analysts' expectations. Net revenue, net income, and earnings were higher than any second quarter since the company's 2014 IPO. Turtle Beach reported $60.8 million in revenue for the quarter ー up from $19.1 million the year before.
Stark attributed Turtle Beach's success to cost cutting on one side of its balance sheet and the booming demand for headsets generated by the popularity of battle royale games Fortnite and PUBG.
As promising a year as it's been so far, Stark said international tariffs could hurt sales of the imported Turtle Beach headsets.
"It will effect retail pricing for us, and for everyone in the category if what people are threatening goes through," he said. "I'm hopeful that it doesn't happen, I don't see how increasing the prices for consumers for everything you buy that's electronic is going to help anybody."
When asked how tariffs would affect the price of gaming headsets, Stark offered a matter-of-fact outlook.
"If there is a 10 percent tariff and you are building a product in China, the retail price point is going to go up 10 percent. If it's a 25 percent tariff that's being threatened, the retailer is it going to go up 25 percent."
For more on this story, [click here](https://cheddar.com/videos/turtle-beach-expands-further-into-pc-gaming).
European lawmakers aggressively questioned Facebook's CEO on Tuesday, indicating they may consider further restricting the social media company's unchecked growth and regulating its business practices.
Tesla has hired Snap’s vice president of monetization engineering, Stuart Bowers, to be the electric carmaker’s VP of engineering. Nearly a dozen members of Snap’s senior leadership have departed since the company went public in early 2017.
The streaming platform will give the former president and first lady a global platform to focus on issues important to them. But they need to be mindful of making that content available to communities that don't have access to high-speed internet or Netflix, says Alexander Heffner, the host of "The Open Mind" on PBS.
The food, travel, and lifestyle-focused platform has grown into a global brand with more than 200 million monthly viewers. Most of that expansion can be credited to data, says Oren Katzeff, head of programming.
The scandal over the blood-testing start-up Theranos shows why Silicon Valley investors should be wary of putting too much unchecked power in the hands of young founders, says John Carreyrou, the Wall Street Journal reporter who first raised a red flag about the company. He's out with a new book, "Bad Blood: Secrets and Lies in a Silicon Valley Startup."
Google's demo of the A.I powered Duplex voice assistant stunned the world in how it interacted with a real human. But now evidence suggests it may be fake.
Stocks kick off the week with a rally after Treasury Secretary Steven Mnuchin said the prospect of a trade war was "on hold" following an agreement to suspend tariff threats. Tesla CEO Elon Musk unveils details of the souped-up Model 3. President Trump is going after the FBI. Fortnite is launching on Android phones this summer.
Elon Musk said that offering the $78,000 high-performance version of the Tesla Model 3, equipped with faster acceleration and longer battery range, before the base version was actually ready, would help the electric carmaker meet demand. Tesla has struggled to hit production targets for the mass-market Model 3, advertised as a $35,000 car, but with an actual price closer to $50,000.
Schmidt's Naturals is allowing consumers to buy its deodorants online using Bitcoin, the first Unilever brand to dip its toes into cryptocurrency. So far, up to 10 percent of sales online were made in Bitcoin, says Michael Cammarata, a co-founder and the chief executive of Schmidt's Naturals.
Uber's recently released national TV ad, featuring its new CEO Dara Khosrowshahi, attempts to hit refresh for a company that has been hit by years of negative coverage. Meanwhile Facebook's new ad is more reactive to the recent Cambridge Analytica crisis, says Jon Swartz, a senior reporter at Barron's.
Load More