Guerrino De Luca, CEO of hardware company Logitech, announced that the company will not manufacture refreshed or new Google TV set-top boxes in the future.
Almost a year ago, in December 2010, Logitech Revue was launched by Logitech. It is a streaming set-top box with "made-for-television Google TV operating system." The purpose of manufacturing this device was to make a huge quantity of video content available on the Internet to television screens.
But, due to a lack of software support from Google and many other reasons, Revue did not perform well in the market.
On Wednesday, at the Investors Day hosted by Logitech, De Luca said Revue was a mistake which cost the company more than $100 million in operating profits, as reported by The Verge.
Lack of Google's software support was blamed by De Luca as one decisive factor for Revue's failure. However, Google recently launched an update for the TV software to provide it with the ability to operate web apps and also watch new content channels.
But, as critics have said, these updates arrived too late for the device, which was available for about a year now, as reported by Media Beat.