The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: George Wang - Barclays Investment Bank - Analyst
: Hey, guys. Thanks for taking my question. I have two quick ones. Firstly, can you give a little bit more color just about the component and memory
business? Definitely weaker than expected kind of partially drove the kind of with the overall below expectation.
You guys talk about no growth until new GPU/CPU launch in the second half as well as 2025. So now what's the refresh growth rate for this year?
Based on my model of thinking, it's tracking kind of slight decline on a year-over-year basis. Just curious how confident you are in terms of kind of
a tangible rebound in a few quarters?
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MAY 07, 2024 / 9:00PM, CRSR.OQ - Q1 2024 Corsair Gaming Inc Earnings Call
Question: George Wang - Barclays Investment Bank - Analyst
: Okay. Great. Secondly, can you kind of address regional and the retail expansion you talk about in the prepared remarks. And also, I notice that
Asia still a smaller mix versus total kind of the low-teens. So likely some opportunity on the Asia expansion. So maybe you can talk about your
investment in the retail as well as the regional expansion?
Question: George Wang - Barclays Investment Bank - Analyst
: Okay. Great. I'll go back to the queue.
Question: Drew Crum - Stifel Nicolaus - Analyst
: Okay. Thanks. Hey guys, good afternoon. On the gamer and creator segment, was there anything unique during the period that drove the record
gross margin performance? And do you see that as sustainable going forward, or should we assume it falls sequentially? And then I have a follow-up.
Question: Drew Crum - Stifel Nicolaus - Analyst
: Okay. Helpful. And then Andy, in your prepared remarks, you talked about the mobile gaming controller and the new SIM racing product line you're
launching in June. Any way you can size the TAM for both of those? Thanks.
Question: Drew Crum - Stifel Nicolaus - Analyst
: Got it. Okay. Thanks, guys.
Question: Aaron Lee - Macquarie Capital Inc - Analyst
: Good afternoon, guys. Thanks for taking my question. Just to start in general, any color you can provide on the general state of the consumer. And
do you still feel like there's room to push up ASPs or pass on costs?
Question: Aaron Lee - Macquarie Capital Inc - Analyst
: Got it. Thank you. And then just on some of these new product launches, you've obviously launched several new categories over the past few
quarters. Are there any categories that have surprised you or stood out in terms of the demand and growth potential? Thank you.
Question: Aaron Lee - Macquarie Capital Inc - Analyst
: Understood. Thanks for all the color. Appreciate it.
Question: Callum Lee - Baird - Analyst
: Hey, it's [Callum Lee] on for Colin Sebastian. And thanks for taking our question. This one from us. It was nice seeing in the peripheral segment out
of 40% gross margin this quarter. Are you seeing any relief in freight cost so far in Q2? And then do you think you'll be utilizing air freight this
quarter to the same degree that you did in Q1? Thanks.
Question: Callum Lee - Baird - Analyst
: Okay, great. Thank you.
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