March 01, 2021 I Finance
Zoom North America Achieves Record 2020 Sales
Zoom North America, the U.S. subsidiary of Zoom Corporation, Japan, has announced sales of $42.75 million for its fiscal year 2020 — a 20% increase over the previous year.
With the continued advancement of digital content creation and engagement, several key product categories were responsible for the growth. Sales of cameras increased 250% as online learning delivered an unprecedented demand for webcams offering pro-quality audio and video. Digital mixers, multi-track recorders and mobile microphones all saw triple digit sales increases, and sales of multi-effects processors were up 70%, as more musicians stayed home and experimented with new effects for guitars, acoustic instruments and vocals.
In Q4 of 2020, Zoom started shipping its PodTrak P4 and P8 Recorders — the company’s first recorders designed specifically for podcasters. According to Zoom, along with the ZDM-1 Podcast Mic Pack, the new category played a significant role in the company’s growth.
Scott Goodman, CEO of Zoom North America, stated, “We were pleased with last year’s results, in what proved to be an incredibly challenging year. While we were determined to meet the market’s increased demand, nothing was of greater importance than the health and safety of our associates. I’m also very grateful to our dealers for the level of service they provided to their customers in these unique and challenging times.”
Masahiro Iijima, CEO of Zoom Corporation, Japan added, “When COVID first arrived and many businesses had to shut down, we were not sure what the impact on Zoom would be. People looked to improve their quality-of-life experiences in 2020 by turning their attention to projects that could be done from home. We are very happy that our products could provide these creative outlets and solutions for people to express themselves.”