Thursday, April 25, 2013
Logitech Revenue Dips 12%: Can You Say "Post PC?"
Logitech International fourth quarter results, for the period ending March 2013, fell 12 percent, year over year.
Sales for the latest quarter were $469 million, down 12 percent from $532 million for the same quarter of the prior year. "Turnaround" is the phrase the company now uses to describe its path forward.
A "narrowed our strategic focus," job cuts and prioritized effort on products for tablets are examples of what Logitech is doing.
It's just one more example of what is happening in the "post-PC" computing business.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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