We all know Logitech and their awesome home theater friendly remotes. Well it looks like this past quarter the company and their Harmony division took a turn for the worse and posted quite a hefty loss; nearly $200 Million.
The company posted a loss of $180 million in the recent quarter, with Harmony sales falling 55 percent based on units.
Also leaving Logitech is their digital video security division. Hopefully whom ever buys the Harmony division makes good with it. The trend for universal remotes seems to be moving from a handheld remote to tablets. I'm thinking it may be best for whom ever acquires the rights to Harmony devote a lot of time into developing software that can compete with the likes of iRule. The Harmony brand name itself should make people feel pretty comfortable buying an app with it's name behind the software.
Only time will tell who acquires the rights. What do you guys make of this?