Bracken Darren CEO of Logitech, Switzerland based firm confirms that the company will no more making gaming accessories by the end of this year.
It is reported that the firm made a loss of $195 million.
According to Darrell, "As we articulated when we started the third quarter, continued weakness in the global PC market was the primary factor in our disappointing Q3 results. These results are unacceptable and we are taking decisive action as an outcome of my strategic review.
"We have initiated the process to divest our remote controls and digital video security categories, and we plan to discontinue other non-strategic products, such as speaker docks and console gaming peripherals, by the end of calendar year 2013."
Darrell said the company intends to sustain its "leadership in PC platform-related products where we have engineering, distribution and scale advantages", and develop "more mobility-related products, leveraging the powerful growth of tablets and smartphones".
"We have also identified a number of product categories that no longer fit with our current strategic direction," said CEO Bracken P. Darrell.
However the company will be focusing on PC, Tablet and smartphones products.