News

Logitech continues with PC Gaming peripherals despite losses

Logitech recently announced their 3rd quarter results for fiscal 2013 which showed that their sales were down from $715 Million in Q3 FY 2012 to $615 Million in Q3 Fiscal 2013, reflecting a 14% loss.

Bracken Darrel, president and chief executive officer of Logitech said that they plan to expand their presence in the tablet accessories category. However, the company plans to discontinue products such as speaker docks and even console gaming accessories and peripherals by the end of 2013, but the company plans to stick with PC platform related products.

He said,”Our goal with PC-platform products is to maximize profitability, while investing selectively in growing categories. We have also identified a number of product categories that no longer fit with our current strategic direction. As a result, we have initiated the process to divest our remote controls and digital video security categories, and we plan to discontinue other non-strategic products, such as speaker docks and console gaming peripherals, by the end of Calendar Year 2013.”

Logitech confirmed via Twitter that they will not exit from PC gaming and still will continue to be their top priority.

Roshan Ashraf Shaikh

Disqus Comments Loading...

Recent Posts

BACKBONE One Mobile Gaming Controller 

PLAY VIRTUALLY ANY GAME, ANYWHERE: Choose from free App Store games like Call of Duty…

26 seconds ago

Seagate Game Drive for PS4/PS5

OFFICIALLY LICENSED Built with matching firmware to seamlessly work with all models of PS5 and…

9 mins ago

HyperX Pulsefire Core

Pixart 3327 optical sensor with native DPI of up to 6, 200 Comfortable symmetric design…

18 mins ago

Aqara Cube T1 Pro

✽[NOTES] An Aqara Zigbee 3.0 Hub is required and sold separately. The Aqara Cube T1…

20 mins ago

Arcade1Up STAR WARS ARCADE MACHINE

Flight cloche with 4 firing triggers Dual speaker Riser included 17" monitor Light-up marquee Was…

21 mins ago

Arcade1Up MORTAL KOMBAT LEGACY 14 GAMES

14 games in 1 Wi-Fi Monitor 17” LCD Light Up Marquee 3D Coindoor Was £549.99…

23 mins ago