No more console gaming peripherals from Logitech
In cost-cutting initiative, technology company plans to discontinue "non-strategic" products, including console peripherals by end of 2013; PC gaming peripherals will continue to be sold.
Some of Logitech's gaming peripherals will soon be collectors' items. In an effort to cut costs, the company said this week that console gaming peripherals no longer fit with its 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 company said.
Logitech total sales for its latest quarter hit $615 million, down 14 percent from the $715 last year. The company posted a $195 million net loss for the quarter, compared to a profit of $55 million during the same period last year.
Logitech's current gaming peripheral lineup includes various mice and keyboards, wheels, headsets, joysticks, gamepads, and accessories.
A company representative confirmed with GameSpot today that all PC gaming mice, keyboards, and headsets will continue to be sold and are in fact a "key focus for the company."