I can't disclose my sources really, I hope you understand. However, I've just made another round of talks and here are some more details:
Back in 2010 Logitech closed many of its European distribution outlets die to failing profits made by huge expand of the company from 2005-2008 when their overall business was rising.
In 2010 they've literally pulled all stocks of various products - including wheels - from their central stock in Netherlands back to factory in China in order to *adjust* all stocks from EU to US market (regulations related to electronics standardisation are different and various modifications to labels and power-sources had to made at factory). In 2010 central stocks in Netherlands were already cleared of all wheel stocks basically. All wheels that remained within distributors network were quantities ordered prior to 2010.
Those *refreshed* EU stocks were used to resupply the Asian and US market with DFGT model (which also went through box-redesign) when GT5 released and my source claims how no new quantities of wheels (any model) were produced after 2010.
He also points out how complete operations were transferred from EU division to US division and how their initial restructuring - which resulted with news from yesterday - already begun with *transform* process of peripherals division (where both console and PC peripherals are) from late 2010 to 2012 - where they practically discontinued manufacturing of 5 or 6 groups of products (not just wheels, but also gaming controllers and such).
I got information about 2009 forecasts which influenced 2010 decision to discontinue wheel division due to drastic decline of actual wheel sales from period of 2005 to 2009.
My source couldn't confirm me under which category Logitech reports and groups wheels within their investor-reports (as one officially disclosed yesterday), as "Retail - PC Gaming" or as "Retail - Other", but he says how it is indicative that report notes how "..Certain products within the retail product families as presented in prior years have been reclassified to conform to the current year presentation, with no impact on previously reported total net retail sales". He argues how there is strong possibility that wheels have been included within "Retail - Other" category because he notes how overall decline in results points to that - because decline in wheel sales is drastic as results reports under "Other", and not small as decline that can be observed within "PC Gaming" category. He illustrates how back in 2008 the overall orders for wheels were 300% greater then in 2010 due to heavy stocks distributors/retailers had sitting on their shelves in period 2008-2010. And he concludes how actual demand in period 2010-2012 was non-comparable even with 2008-2010 period, not even to mention crazy numbers Logitech moved within *Golden Era* of 2005-2008.
It was inevitable it seems.
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