Logitech CEO Guerrino De Luca bashed Google TV in a conference call with analysts and investors, stating that the company would not be releasing a follow-up to its Revue set top box.
The CEO put the blame on Google TV for the poor first-quarter earnings Logitech suffered this year, when the company dropped $30 million (£18.7 million). De Luca went on to say that Logitech was getting off the bandwagon, and that in addition to not producing a new hardware unit for the service, it would also let current stock of the Revue dwindle to zero.
Logitech put a lot of effort into the Google TV venture, and last holiday season expected to see some serious uptake for the service. Unfortunately for Logitech and the search giant, this wasn't the case. "We expected everybody to line up for Christmas and buy these boxes [at] $300," said De Luca. "That was a big mistake."
Despite dropping the unit's price to a third of its original cost, the Revue boxes just didn't sell. On top of this, a spate of returns made it clear that Logitech's Google TV venture was a bust.
As we reported last month, Google is currently rolling out a revamped version of the platform, offering something a bit more streamlined. Version 2.0, based on Android Honeycomb 3.0, brings new features and a more tablet-style look as well as making navigation easier.
With Logitech jumping ship, Google is left with only the one active partner. Some of Sony's TVs will still include Google TV, but it'll be interesting to see if the Japanese electronics giant stays on board now that the only other partner has decided it has had enough.