Turtle Beach Gaming Headset Sales Soar: Should Google Worry?

Turtle Beach Corporation (NASDAQ:HEAR) has pepped up the gaming console industry by setting a unique record of selling more than 30 million gaming headsets since entering the market in 2005. The feat was achieved through a steady demand for high-quality gaming headsets for Microsoft Corporation’s (NASDAQ:MSFT) Xbox One, Sony Corporation’s (NYSE:SNE) PlayStation4, Nintendo Co (T:7974)., Ltd.’s (OTC:NTDOY) Nintendo Switch and other PC and mobile devices. With other players in the fray quietly piling up their product line-up to gear up for the challenge from Alphabet’s (NASDAQ:GOOGL) gaming platform Stadia, the industry appears well poised for more innovations.

Per the 2019 Video Game Sale Statistics by NPD Group, Turtle Beach has been the market leader in gaming headsets by units for the past seven consecutive years, with more than 12 million more headsets sold life-to-date compared with its nearest competitor. The company has also achieved the distinction of being the leading player in the industry by revenues for the past nine consecutive years.

Turtle Beach boasts a wide array of cutting-edge, award-winning gaming headsets for diverse users, including professional esports athlete, hardcore gamer, casual player, or amateurs. With advanced technology features, high-quality gaming audio, crystal-clear communication and comfortable designs, the easy-to-use products of this Zacks Rank #3 (Hold) company offer a riveting experience. You can see the complete list of today’s Zacks #1 Rank(Strong Buy)stocks here.

Turtle Beach’s increasing sales signify the growing popularity of its headsets and in turn that of the gaming consoles of Xbox One, PlayStation4 and Nintendo Switch.

Incidentally, Turtle Beach's Stealth 600 for Xbox One and PlayStation4 continues to lead the pack as North America's best-selling wireless gaming headset for 2018 and 2019 to date. The company recently launched Recon 70 gaming headset with powerful audio and microphone to replace its iconic Recon 50, which had been the best-selling product in its category in North America for the past two years. The new Recon 70 reportedly works perfectly with all the leading brands and is available in both black and white options for Xbox One and PlayStation4 and in red accented version for Nintendo.

Although gaming consoles of rival firms like Nintendo and Sony are a bit expensive compared with Google’s Stadia, unique add-on features of the headsets are likely to woo gen-Z users. These include high-quality game audio through some powerful 40mm over-ear speakers and Turtle Beach's signature high-sensitivity flip-to-mute mic along with a padded and adjustable headband with synthetic leather-wrapped ear cushions for unmatched comfort.

However, Google’s Stadia aims to outsmart rivals by enabling users to stream games online on any device like smartphones, laptops, desktops and tablets or on televisions with the aid of Chromecast media stick connection, without shelling out extra money for expensive gaming consoles and PCs. The company also intends to leverage its video streaming platform, YouTube, along with its cloud computing capabilities to ensure seamless gaming facilities.

To sum up, although Google’s Stadia appears primed to take the gaming industry to the next level, its rivals are not likely to cede position easily as documented by the burgeoning sales and corresponding popularity of Turtle Beach headsets and, in turn gaming consoles. If the sale statistics are anything to go by, then Google should surely take a note.

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