Logitech to Stop Making Console Accessories

January 24, 2013 -

According to GamesIndustry International, computer and console peripheral and accessories giant Logitech will stop manufacturing and selling video game console accessories. The exit out of the market is the result of a 14 percent drop in sales to $615 million for Q3 FY 2013.

As a result the company will sharpen its focus on PC and mobile accessories.

"We have also identified a number of product categories that no longer fit with our current strategic direction," said CEO Bracken P. Darrell. "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."

"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," he added. "These results are unacceptable and we are taking decisive action as an outcome of my strategic review."

So if there's a favorite Logitech console accessory you like, it probably wouldn't hurt to go out and buy it now... Hopefully the company will return to making console-related accessories after Sony and Microsoft release their next-generation consoles...

Source: GamesIndustry International


 
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