Latest in Financials

Image credit:

Logitech's 'disappointing' Q4 results not helped by poor Revue sales; will cut price to $249

Share
Tweet
Share
Save

Sponsored Links

There wasn't much good news for Logitech investors when the company revealed its results for the financial fourth quarter, as it fell far below targets for sales and revenue. Most of the blame went towards weak performance in Europe, the Middle East and Africa, but it also suffered from far lower than expected sales of the Google TV-powered Revue and its accessories, accounting for only $5 million in sales, down from $22 million the quarter before and short of its estimate of $18 million. Beyond fixing its issues overseas, CEO Gerald Quindlen still sees a future where internet connected TVs follow a similar path to smartphones and cited the next generation of Google TV as a major opportunity. Starting in May, the company will cut the price of the Revue to $249 (which is still at least $50 too high) and plans to "re-accelerate" its marketing at "the appropriate time" -- probably sometime after Google I/O and the addition of the Android Market. As for that current hardware, both the Revue and the Sony Google TV products received unspecified "security updates" today, although Qriocity and Music Unlimited access remained offline on our Sony Internet TV unit. So let's do the postmortem and guess what contributed to the low sales more: high prices, a half baked product or ads featuring a hairy-legged TV and Kevin Bacon?

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

HyperX just made its Cloud Alpha gaming headset even better

HyperX just made its Cloud Alpha gaming headset even better

View
Spotify's Premium Family plans get an explicit content filter

Spotify's Premium Family plans get an explicit content filter

View
NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

View
MIT experts find a way to reduce video stream buffering on busy WiFi

MIT experts find a way to reduce video stream buffering on busy WiFi

View
NASA selects proposals for smallsats built to study deep space

NASA selects proposals for smallsats built to study deep space

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr