Abko, 101.8 Billion KRW Sales Last Year... "Expecting Gradual Performance Improvement with Industry Recovery This Year"
[Asia Economy Reporter Jang Hyowon] ABKO, a new life platform specialist company centered on gaming gear, announced on the 17th through a disclosure of 'sales or profit structure change of 30% or more' that it recorded consolidated sales of 101.8 billion KRW last year. This is a 33.5% decrease compared to the previous year. During the same period, operating loss and net loss were 9.2 billion KRW and 7.1 billion KRW, respectively.
It was explained that the business environment, which was contracted due to the impact of COVID-19, had a significant effect on the performance. Unfavorable business conditions continued, such as restrictions on PC bang operations, which are major sales channels, and GPU (graphics card) supply shortages caused by the cryptocurrency mining boom.
An ABKO official said, "Sales significantly decreased as restrictions on PC bang operations, a major demand source in the gaming gear division with the largest sales proportion, continued," and added, "This year, we expect gradual performance recovery due to the implementation of the 'With Corona (gradual return to daily life)' policy and improvement in GPU supply."
ABKO is the No. 1 gaming gear specialist company in Korea. In particular, it holds an 80% market share due to excellent product quality such as fully waterproof keyboards for PC bangs and prompt A/S processing. The company plans to strengthen its market dominance through collaboration with global game companies and development of products specialized for popular games, such as releasing the official gaming gear for Pearl Abyss's flagship game, Black Desert.
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A company representative said, "With the rapid growth of the e-sports market and increasing demand for home gaming gear, the growth potential of the gaming gear market remains sufficient," and added, "We will actively respond to the changing market environment by enhancing awareness and strengthening sales through various collaborations with global game companies."
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