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Logitech Will Continue PC Gaming Support Despite Cuts

By - Source: Logitech | B 36 comments

Logitech will continue to make PC gaming peripherals despite severing its console peripheral and remote businesses.

On Wednesday Logitech announced its third quarter results for fiscal 2013, reporting that sales were $615 million, down 14-percent from $715 million in Q3 fiscal 2012. Net loss for Q3 fiscal 2013 was $195 million ($1.24 per share) compared to a net income of $55 million ($0.32 per share) in Q3 fiscal 2012.

"As we articulated when we started the third quarter, continued weakness in the global PC market was the primary factor in our disappointing Q3 results," said Bracken P. Darrell, Logitech president and chief executive officer. "These results are unacceptable and we are taking decisive action as an outcome of my strategic review."

He went on to say that Logitech plans to expand its presence in the growing tablet accessories category. However the company also plans to sustain its leadership in PC platform-related products where it has engineering, distribution and scale advantages.

"Our goal with PC-platform products is to maximize profitability, while investing selectively in growing categories," he said. "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."

The first to go will be Logitech's Harmony remote business. Sales were reportedly down 24-percent with units declining by 55-percent. The high end of this market increased only 4-percent, fueled by the recently-launched Harmony Touch high-end remote.

And as stated, also out the door will be the company's line of console peripherals. These have seemingly already disappeared from Logitech's site save for the G27 and Driving Force GT racing wheels which are compatible with the PlayStation 3 and Windows PC. Most of what Logitech offers now is focused on Windows and Mac-based gaming.

"We are NOT exiting PC gaming, only console accessories," Logitech confirmed on Twitter. "PC gaming continues to be a priority for the company."

Darrell added on Wednesday that his goal is to get Logitech back to sustained profitability as quickly as possible, "This requires unwavering focus on developing great products both for large and for fast-growing markets, removing unnecessary costs and a commitment to move at least as fast as the markets in which we participate," he said.

 

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Top Comments
  • 23 Hide
    bnot , January 27, 2013 12:36 AM
    Dropping the "L" is part of their cutbacks....
  • 20 Hide
    Tekkaman , January 27, 2013 12:08 AM
    My favorite company.

    Luckily "someone", "read all articles before they go out".

    Seriously though, how hard is it to even look at your own published article and notice that it has a jacked up title?
  • 15 Hide
    zomow , January 27, 2013 12:06 AM
    Title typo... ogitech
Other Comments
  • 15 Hide
    zomow , January 27, 2013 12:06 AM
    Title typo... ogitech
  • 20 Hide
    Tekkaman , January 27, 2013 12:08 AM
    My favorite company.

    Luckily "someone", "read all articles before they go out".

    Seriously though, how hard is it to even look at your own published article and notice that it has a jacked up title?
  • 11 Hide
    eklipz330 , January 27, 2013 12:10 AM
    wow... this is a new low kevin. im gonna guess you did it on purpose just to annoy some people
  • 11 Hide
    someguynamedmatt , January 27, 2013 12:11 AM
    Really? The main page's headline is wrong? Is there any QC here at Tom's anymore? I'll do it for free if you're that short on manpower...
  • 8 Hide
    alextheblue , January 27, 2013 12:15 AM
    OG tech, son!
  • 9 Hide
    ipwn3r456 , January 27, 2013 12:16 AM
    ogitech... New company? lol
  • 23 Hide
    bnot , January 27, 2013 12:36 AM
    Dropping the "L" is part of their cutbacks....
  • -7 Hide
    IndignantSkeptic , January 27, 2013 12:54 AM
    I'm not buying because I'm waiting for them to make 1 controller that works on all platforms. I don't understand why nobody does that.
  • -1 Hide
    Anonymous , January 27, 2013 12:59 AM
    LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
  • 11 Hide
    guerrero , January 27, 2013 1:05 AM
    What is this ogitech company? They will be sued by Apple soon.
  • -1 Hide
    Chibinho , January 27, 2013 1:08 AM
    It's Just a Typo. Not everybody here complaining about it, like it's the end of the world. You also make mistakes. happens to everybody. So, let's not demand the Author to be Executed for that. We all understood what he meant.
  • -1 Hide
    Chibinho , January 27, 2013 1:10 AM
    Of course. Let's Execute the Author for a Typo. Because we are all perfect, and error free. It's just a typo and happens to all of us. We all got the point of the article.
  • 10 Hide
    Hando567 , January 27, 2013 1:29 AM
    Did no one else notice it also says they released their fiscal results for Q3 2013? I dunno how they have such poor profits when they have invented a time machine!
  • 7 Hide
    athlondude , January 27, 2013 1:34 AM
    Apparently along with the banning of thousands of assault weapons, the govenment came to the coclusion that the letter "L" was th emost dangerous letter in the alphabet and decided to ban it. I for one am exercising my right to free speech and plan on using said letter no matter what they do to me!

  • 5 Hide
    Sakkura , January 27, 2013 1:59 AM
    Hando567Did no one else notice it also says they released their fiscal results for Q3 2013? I dunno how they have such poor profits when they have invented a time machine!

    Fiscal years don't always coincide with calendar years. The US government fiscal year begins on October 1, for example. Which means that we're in Q2 2013 for the US government. Logitech apparently began its fiscal 2013 even earlier.

    As for the news, I hope they survive. If not, their peripherals will. I only recently replaced my G5 mouse, and only because I wanted a few more buttons.
  • 9 Hide
    Tekkaman , January 27, 2013 2:25 AM
    We aren't perfect and we aren't error free.

    HOWEVER - Most of us are not dealing with major publications or publications in general for that matter.

    The fact that they don't even check their own website or *gasp* their own spell check which is default for any word processing program is ridiculous.

    Chibinho, you wouldn't think that way if you did anything along the lines of what I described above. I have to proof things on a daily basis and something as large as the miss-spelling, let alone on a very well known brand, of a published article is unacceptable.
  • 2 Hide
    Tekkaman , January 27, 2013 2:28 AM
    AndrewMDIt seems you have nothing else to do but be the grammar police for the site. Also, it seems that I have nothing better to do because I am responding to your idiotic post about a missing letter! As for the article, it is typical for companies to re-evaluate their product offerings. If something is not making money for them, it should get dropped.


    Ha I thumbs upped you for the "nothing else to do" on both accounts.

    It was a pretty big deal and I am very happy to see that it has been fixed.
  • -2 Hide
    Anonymous , January 27, 2013 2:30 AM
    I noticed they already took away their G9X mouse, which was probably their best mouse. That's really weird.
  • 3 Hide
    dkcomputer , January 27, 2013 3:38 AM
    We're in the 3rd quarter of 2013 already? Wow. Time flys
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