Parrot exits consumer toy drone business
Parrot is exiting the toy drone business behind. French drone maker Parrot announced two years ago that it would shift away from toy drones and focus on higher-end and commercial drone solutions instead. Since the announcement, the company has laid off about half of its employees working in the UAV department. Recently we reported that they will start developing drones for the U.S. Army. And this week we learn that they are leaving the toy drone business behind altogether.
Update: Parrot is NOT exiting consumer drones, only the toy drones business. This article has been updated to reflect that. Also, see this message from Parrot here.