Logitech Getting Out Of The Console Accessory Business
Business wasn’t exactly booming for Logitech this past year. After going from a net profit of $55 million to a net loss of nearly $195 million for the same time period, the company is scaling back some of their divisions in an effort to be profitable again. Unfortunately this move spells the doom for certain products as well.
According to CEO Bracken P. Darrell, Logitech has “identified a number of product categories that no longer fit with our current strategic direction.” Console gaming peripherals were named specifically as one of the type of product categories that are being phased out, along with such things as speaker docks. They are looking to discontinue those products by the end of 2013.
While the company is getting out of those particular businesses, there’s nothing to fear when it comes to their PC gaming offerings. The company is now planning on focusing solely on PC and mobile products. For those of you who want to buy some new accessories for your console, however, you might want to keep an eye out as prices drop in order to get them off the shelves as soon as possible.
