Logitech confesses to 'gigantic' mistake with Google TV
Logitech is halting production of its Google TV Revue set-top boxes, acknowledging that the whole affair was a financial disaster for the company.
At an Analyst and Investor Day hosted by Logitech on Wednesday, CEO Guerrino De Luca confessed that the Revue was a "mistake of implementation of a gigantic nature." In his presentation, DeLuca in part pointed the finger at Google TV, referring to it as a "beta" product, according to The Verge.
De Luca told investors that Logitech lost more than $100 million in operating profits on the Revue after bringing it to the … Read more