In not altogether surprising news, GoPro has just announced that they are out of the drone business.
In an earnings report today, GoPro said that the Karma drone would be the last it would make. The company announced significant layoffs a few days ago: the layoffs will bring the workforce down to under 1000 and CEO Nicholas Woodman will take a paycut to $1 as the company struggles to get back on its financial feet.
While the Karma drone struggled from the beginning to reach the skies, with a number of failed release dates and an embarrassing recall after users reported drones losing power and dropping out of the sky, GoPro partly blamed drone regulations for their decision. GoPro said that new regulations being considered in the US and Europe would reduce the overall market for recreational drones. Mostly, however, they cited the fierce competition in drone manufacturing as the reason the Karma has failed.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.