Published: January 25, 2013 8:47 AM
By Régis Jehl
Translated by: Catherine Barraclough
Logitech's freshly published financial results for the third quarter of its 2012/2013 fiscal year show net losses of almost $180 million for the Swiss tech firm. So Logitech is set to take action in 2013 by divesting two of its product divisions and halting production of certain products.

Sales from the third quarter were down 14% to $615 million in the global market, with a drop of 20% for EMEA regions (Europe, the Middle East and Africa). In response, Logitech CEO, Bracken P. Darrell, announced that the firm would be selling off some of its units, including digital video security products (not including webcams) and universal remotes. By the end of 2013, the firm will also stop making console gaming peripherals (gamepads, steering wheels, etc.) and speaker docks.

We're fans of Logitech's Harmony range of universal remotes here at DigitalVersus. We especially like their "activities" function, which lets users assign a string of commands to one single button (so one button will turn on your TV, select the right input socket, turn on your Blu-ray player, then play the disc). Plus, we've always found Logitech's after-sales service and user help provision to be excellent. We can only hope that whoever buys the division will keep up the good work.

Over the coming months, Logitech is set to focus on its core business, namely computer peripherals (keyboards, mice, webcams), and hopes to continue strengthening its presence in the mobile device accessories market with products like keyboard docks and stands for tablets. Note that Logitech already pulled out of making Google TV devices in 2011, after the Revue failed to meet with much success.

Logitech Harmony Touch
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