The leader in the action cam market continues to reduce its size and product lines in its fight to stay profitable.
GoPro will discontinue its Karma drone and exit the category.
GoPro’s move into the drone market is coming to an end.
In the company’s fourth quarter 2017 results announcement, GoPro said it will discontinue its Karma drone and exit the category. It cited “margin challenges in an extremely competitive aerial market” and “a hostile regulatory environment in Europe and the United States” as causes.