Logitech
reported on its less-than stellar financials for Q3 of Fiscal Year
2013 this morning, naming a few product lines within the company set for
deletion by the end of the year. Namely, Logitech will step away from its
Harmony universal remotes and long-term commitment to console gaming peripherals.
Sales of Logitech products were down 14-percent for
the third quarter, with a net loss of $195 million. According to Logitech CEO
Bracken P. Darrell, the company plans to apply more focus on tablet
accessories, like its profitable Ultrathin Keyboard Cover.
"We are taking immediate actions to shape a
faster and more profitable Logitech," said Darrell. "My goal is to
get Logitech back to sustained profitability as quickly as possible."
Other Logitech products on the chopping block by the
end of 2013 include digital video security and speaker docks. PC gaming
peripherals were not named in the list of outgoing product lines. Darrell
reiterated the company's intent to continue work in the PC peripheral market,
with investment in "selective categories." But along with console
gaming peripherals and Harmony remotes, it's not immediately clear if PC gaming
accessories will eventually end up among what Darrell referred to as,
"non-strategic products."
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