Logitech to drop out of the console accessory market due to recent poor sales
The CEO of Logitech, Bracken Darrell, announces the company will be dropping out of the console video game market and several other markets as part of a cost-cutting measure to ensure future profits are possible.
The decision was made after recent financial reports showed the company lost roughly $180 million from the last fiscal quarter and a decline of roughly 14% in sales. These results have forced the company to drop several "non-strategic products" which includes their entire console video game accessory division and speaker dock products. Also confirmed to be dropped was their Harmony remote division which they are trying to sell off to a new buyer, and their security camera division.
Their PC accessory division will remain untouched and will become the main focus of the company once the restructuring is done. Also confirmed was their mobile division will stay intact, especially in regards to the iPad and their Ultrathin Keyboard Cover product.
» Source: http://www.theverge.com/2013/1/23/3909934/logitech-q3-results-harmony
» Tagged In: #Accessories, #console market, #ipad, #Logitech, #PC
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g1 DISCUSSIONS
ThePortlandian
I loved their PS2 Driving Controller, but I think Logitech screwed up by not supporting the Xbox 360 as well with accessories. Gran Turismo 5 was extremely underwhelming and like many others I got into Forza for sim racing. no Logitech controller to play with there meant I had no money to give them.
mario20666
http://www.youtube.com/watch?v=a5x8dTwBMMM ON MY OWN
Backfire
I have the Ultrathin Keyboard for my iPad. It works well, but the keys are small and the metallic casing started to turn ugly after about a month. There's better iPad keyboards out there, but it's a shame Logitech is dropping some cool video game stuff.
KurzWeber75
Can't say I ever bought anything of theirs. Though I think my buddy had a wireless PS2 controller from them and that was cool, though I usually ended up just bringing my controller over if needed
Dcmac
I only use their PC stuff, glad to see it'll stick around.
The Starlight King
I have a wireless Logitech controller for my PS2 and it's awesome. Never had a single problem with it.
ruinedmirage
This is a shame. They make some of the best stuff. Maybe if they just didn't make everything so damn expensive...
xTrogdorx
You pay for quality..