Peripheral manufacturer Razer has reported a record year in its latest earning’s results, passing the $1 billion mark in revenue for the first time ever. Razer, which currently produces numerous PC and console gaming hardware–and occasionally a credit card–reported that for the twelve months that ended on December 31, 2020, it recorded total revenue of $1.2 billion.
This made for a 48% increase when compared to the previous year, with the vast majority of its profits coming from the hardware division which saw a 51.8% year-on-year rise to $1.08 billion. Razer claims that these figures allowed it to maintain its position as a market leader in the US, Europe, China, and Asia-Pacific, while it also took “significant market share from the competition.”
For the full year, Razer posted a profit of $800,000 for the full year, which it says was ahead of all expectations. As for software, no specific revenue figures were shared but the services segment which includes Razer Fintech did reveal a revenue growth of 66.8% to $128.4 million.
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