More Logitech Google TV Boxes Were Returned Than Sold in Q1

Nilay Patel:

The Google TV-based Logitech Revue may go down in history as the product that forever changed the company. After a dismal Q1 in which the company lost $29.6m and “very modest sales” of the Revue were exceeded by returns of the product, CEO Gerald P. Quindlen is leaving and the Revue itself is being slashed below cost to just $99 — a move that’s costing Logitech some $34m in one-time charges.

Not so good.

★ Thursday, 28 July 2011