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Logitech Runs Out Of Revue Units, Plans Harmony Remote

Discussion in 'Google TV General Discussion' started by CatfishRivers, Jan 26, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    Logitech's Q3 2012 report confirms Revue is sold out, Harmony remote refresh 'in the coming months' -- Engadget (click for full article)

    "Logitech's Q3 earnings for the 2012 fiscal year don't have many surprises since the company already revealed it was dropping out of the Google TV team.

    In prepared remarks, company management confirmed it is completely sold out of new units, closing the door on any users still trying to nab a $99 Revue (who shouldn't be too heartbroken, since Vizio is promising a second gen unit is on the way at the same price).

    There is promise however, if you're looking for a new Harmony remote model, while interim CEO Guerrino De Luca says the company is late in providing a successor to the best selling Harmony One and other models, resulting in a 30 percent drop in sales, it plans to strengthen the lineup "in the coming months.

    In other segments, it's seeing growth in those iPad accessory keyboards, for more details check the press release embedded after the break or in the PDFs linked below."

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    Note: At the time of this posting Tiger Direct still has some new Logitech Revues in stock for $99:

    http://www.tigerdirect.com/applications/SearchTools/search.asp?keywords=Logitech+Revue
     
    Last edited: Jan 26, 2012
  2. ChrisG8

    ChrisG8 Well-Known Member

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    Has anybody seen sales figures for the Logitech Revue? I would be interested to know how many were manufactured and sold.
     
  3. CatfishRivers

    CatfishRivers Well-Known Member

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    Harvey Norman Exit Hurts Logitech, Sales & Profits Plunge - Channel News (click for full article)

    "Local Logitech management in Australia don't like talking about their poor performance after parting Company with Harvey Norman, nor will they explain the reasons behind their online strategy despite the Company issuing their fourth profit warning in 12 months.

    Last night shares in the Swiss Company plunged 14% after they announced profits had fallen by $10 million to $55 million and its revenue from $754 million to $715 million. A former senior Logitech manager who quit Logitech Australia late last year has admitted the Harvey Norman exit had cost the Company sales.


    The fall in sales comes as consumers dump traditional Logitech categories such as audio attach for new brands such as Edifier.


    Also impacting Logitech is the introduction of touch screen technology which has seen consumers move to tablets which don't need a mouse.


    Another category that is under threat is webcams due to improvements in built-in webcams for notebooks and the introduction of webcams into smart TVs.


    Analysts claim that a move to better quality built in web cameras has created problems for Logitech, which had a harder time justifying its higher-quality technology to those who already had a camera in their systems.


    In the remote control market, Logitech, who acquired the Harmony remote business, is witnessing slow sales due to a move to touchpad applications to control TVs. In 2012 several TV vendors will launch new voice activated remote controls while others will give away 7.2 inch tablet controls.


    Logitech said that Harmony remote sales at the mid- to high-end were down 30 percent, although the low end was doing well and a refresh of the more advanced models was due in the "coming months," CEO Guerrino De Luca said.


    Logitech was also a victim of Google TV V1 and while no direct unit numbers were given for Google TV sales, the Company has introduced a drastic price cut for the their Google TV Revue set top box which was not launched in Australia."
     
    Last edited: Jan 27, 2012

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