Date of Update: 11/5/2020

Corsair

Ticker: CRSR

Theme: Hardware

Country: United States

Sector: Technology Hardware

This is not a recommendation to buy or sell securities.

 

Company Description:

Corsair is one of the leading providers of PC hardware for gamers and content creators. The company started out in 1994 in the high-performance DRAM market, but has since branched out into multiple segments, including peripherals, streaming devices, PC components, and esports. In addition to individual components, Corsair also markets prebuilt and customizable PCs, sold both online and at physical retailers. Within esports, Corsair sponsors a number of teams across various esports like DotA 2, CS:GO, Call of Duty, Rocket League, and League of Legends. Additionally, the Corsair Streamer Program sponsors content creators on platforms like Twitch and YouTube.

3 Company Facts:

  • As of June 2020, Corsair holds the #1 market share in the PC Components market, with 41.9% share.
  • Corsair currently sponsors 6 esports organizations and is looking to expand its sponsorships to more teams and influencers.
  • Corsair acquired Scuf Gaming in 2019 and Elgato in 2018, entering the high-performance gaming controller market and livestreaming markets, respectively.

3 Industry Facts:

  • The estimated size of the global PC Components market in 2019 was >$36bn, with Corsair commanding $1.1bn in net revenues.1
  • 36% of viewers reported that OTT or online video was their go-to source for for entertainment, up from 29% in 2017.2
  • Total esports viewership is expected to grow at a 9% CAGR between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023.3

Related Companies: Razer, ASUS, Logitech

3 Key Metrics:

  • DRAM revenue
  • Peripherals gross margin
  • Potential expansion into software

Notable Brands:

K-Series RGB Mechanical Keyboards
K-Series RGB Mechanical Keyboards
Razer Blade
Corsair Vengeance RAM Modules
Razer Chroma
Elgato Gaming
Team Razer
Scuf Gaming