Just a couple of weeks after we reported on GoPro’s recall of thousands of defective Karma drones and other business problems, now comes word that the company is in the process of cutting more than 200 jobs, or about 15% of its total workforce, amid a sales decline. The company has also decided to shut down its Entertainment division and rededicate itself to its core wearable camera business.
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Samsung Shifts Product Strategy – Targets Drone & IoT Biz
Korean media is reporting that Samsung Electronics has re-prioritized its product development plans – now setting its sights on the Internet-Of-Things (IoT) and drone product categories as its targeted growth categories. The company had also been considering pursuing 3D printing, but has put that initiative on the back-burner as it is believed to have a longer horizon to achieve profitability.
