Google TV Update

Janko Roettgers:

Logitech’s Revue Google TV set-top box and periphery devices, such as the a Revue-optimized webcam, only generated about $5 million in sales in the last quarter, according to Thursday’s earnings.

That’s far below expectations. Logitech had reported Google TV product sales of $22 million for the previous quarter, and estimated to sell another $18 million in the fiscal fourth quarter. The company missed these estimates by more than 70 percent. Tanking Google TV sales were also reflected by a 28-percent rise in inventory.

★ Thursday, 28 April 2011