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.”