Following the announcement of its latest financial results this morning, Logitech has revealed that it will be dropping products that do not “fit with [their] current strategic direction”, including console gaming peripherals.
“Continued weakness in the global PC market was the primary faction in our disappointing Q3 results,” said Bracken Darrell, Logitech’s president and CEO on the release of the figures – the company’s main focus is in PC peripherals, including mice, keyboards, webcams etc.
“My goal is to get Logitech back to sustained profitability as quickly as possible,” Bracken continued. “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.”[drop2]”As a result [of the results], 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,” said Darrell in a press release.
On PC, Logitech produces keyboards and mice designed for gaming, including separate function keypads, as well as joysticks, but this business would be seemingly unaffected by the move.
Logitech’s presence on console is significantly smaller, but includes remote controls, gamepads, microphones, headsets, and most prominently, wheel and pedal kits designed for racing titles – including the official Gran Turismo wheel, the Driving Force GT.