Last night, Logitech reported their Q3 2012 earnings, and things didn’t look so good. The company reported an operating loss of $180 million with sales down 14% from last year. As a result, Logitech announced quite a few changes coming to its product lineup, including the dismantling of its console gaming peripherals. However, CEO Bracken Darrell clarified that the Harmony business is not shutting down, but will rather be put up for sale. The company also noted that they’re still focused on PC peripherals, such as the G-series line of gaming keyboards and mice.
In a thread posted on the Logitech forums, Darrell told Logitech fans that the company has “publicly announced a plan to hold the Harmony business for sale.” He also assured users that “Logitech is not shutting down the Harmony business and certainly not the service.” The sale will not impact Harmony users, and customer support and warranties will still be provided.
The company also announced via Twitter that “PC gaming continues to be a priority for the company.” While Logitech will be discontinuing its console gaming products and exiting that business, the company is still committed to providing PC accessories and peripherals to its customers, resulting in a huge sigh of relief for PC users everywhere.
Logitech’s Q3 sales came in at $615 million, which is quite a significant drop from last year’s $715 million. Overall, sales for the company dropped 8% in North America, 20% in Europe, the Middle East, and Africa, and 11% in Asia. The discontinuation of other non-strategic products, such as speaker docks and console gaming peripherals, will be completed by the end of 2013.