26.01.2012 17:35 Uhr, Quelle: MacNN

Logitech profit drops due to end, sellout of Google TV boxes

Logitech detailed some of the fuller extent of its Google TV fallout with its fall results early Thursday. The company's profit dropped by $10 million from year-to-year to $55 million, and its revenue from $754 million to $715 million, based primarily on poor results in the Americas as well as a poor exchange rate against the Euro. An eight-point drop in Americas sales was blamed heavily in a statement (PDF) on the final sales of the Google TV-based Revue, which brought down sales to $15 million after the steep price cuts triggered by a lack of sales.

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