Logitech Revue sees negative sales, price-cut

We had known for a while that Google TV has turned out to be a big failure for the search engine giant and Google is trying to salvage this initiative by bringing Honeycomb to TV devices. But this update is still playing hide and seek with us.

One of victims of this failure was Logitech, which was the launch partner of Google TV. Company today released the first quarter results took a hit of $34 million for the planned Q2 price drop for Revue. Company is going to slash the price of Revue to just USD 99.

It is taking the measure to accelerate the adoption of the Google TV platform by removing price as a barrier to consumer acceptance. According to company, sales of Logitech Revue were slightly negative during the quarter, as returns of the product were higher than the very modest sales.