*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).
Maureen Farrell, reporter at The Wall Street Journal, and Emily Bary, reporter at MarketWatch, discuss the details of Spotify's public offering. Instead of going the traditional IPO route, the streaming giant will instead do a direct listing on the New York Stock Exchange.
The company filed for a direct listing on Wednesday, already a rarity on Wall Street. But Axios Business Editor Dan Primack points out that, with no investor lock-up period, the stock could see "crazy volatility" right off the bat.
Mark Simons, President of Toshiba Americas, says PCs, phones, and other products will only get thinner and lighter, with an emphasis on connectivity and battery life and wearables.
Kroger and Walmart are raising the minimum age for those buying guns to 21, following in the footsteps of Dick's Sporting Goods. NBC Universal will cut the number of ads it airs in primetime by 20%.
Vero is the hottest new social network in the app store. It claimed the number one spot this week and has been downloaded more than one million times. Taylor Lorenz, Tech Culture Reporter at The Daily Beast was with us to discuss why it has become so popular.
Spotify files to go public. Dick's will immediately stop selling assault rifles. President Trump meets with lawmakers on gun control. White House communications director Hope Hicks is resigning from her post. Facebook launching a new initiative to take on sites like LinkedIn and Glassdoor.
Unplug and go "light", says the company's co-founder Joe Hollier. Light makes old-school phones for text and phone calls, a stark contrast to the hyper-technical smartphones of today.
Priceline officially changed its name to "Booking Holdings" on Tuesday as it reported Q4 results. Overall, Booking Holdings reported a strong Q4. CEO Glenn Fogel joins Cheddar to break down the name change and earnings news.
Chime is a popular bank among millennials, and it doesn't even have a physical location. Chime is a bank account and debit card for the digital age and the digital-first consumer and saver.
The Light Phone is about the size of a credit card and it can do a fraction of what your smartphone can. And yet, consumers love it. The company is about to release the new model "Light Phone 2."
Load More